MGP Ingredients, Inc. (MGPI) To Go Ex-Dividend on August 14th

MGP Ingredients, Inc. (NASDAQ:MGPI) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.12 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 14th.

MGP Ingredients has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MGP Ingredients to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 24.7%.

MGP Ingredients Stock Performance

NASDAQ MGPI opened at $18.37 on Wednesday. The firm has a market cap of $393.38 million, a P/E ratio of -1.63 and a beta of 0.47. MGP Ingredients has a 52-week low of $15.72 and a 52-week high of $30.60. The business’s 50-day moving average price is $17.13 and its 200 day moving average price is $19.28. The company has a quick ratio of 1.65, a current ratio of 6.99 and a debt-to-equity ratio of 0.61.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.41% and a negative net margin of 48.08%.The firm had revenue of $124.36 million during the quarter, compared to the consensus estimate of $125.16 million. During the same period in the prior year, the business earned $0.97 EPS. The firm’s revenue was down 14.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts expect that MGP Ingredients will post 1.65 earnings per share for the current year.

MGP Ingredients Company Profile

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.