MGP Ingredients, Inc. (NASDAQ:MGPI – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 13th will be given a dividend of $0.12 per share on Friday, November 27th. This represents a $0.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, November 13th.
MGP Ingredients has a payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MGP Ingredients to earn $1.88 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 25.5%.
MGP Ingredients Stock Performance
NASDAQ:MGPI opened at $16.79 on Wednesday. The stock has a market cap of $359.50 million, a P/E ratio of -1.44 and a beta of 0.49. The company has a quick ratio of 1.65, a current ratio of 6.91 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $14.93 and its two-hundred day moving average price is $18.05. MGP Ingredients has a twelve month low of $12.42 and a twelve month high of $26.62.
MGP Ingredients (NASDAQ:MGPI – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $117.91 million for the quarter, compared to the consensus estimate of $119.70 million. MGP Ingredients had a negative net margin of 51.12% and a positive return on equity of 6.58%. MGP Ingredients’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. As a group, equities analysts predict that MGP Ingredients will post 1.70 EPS for the current fiscal year.
MGP Ingredients Company Profile
MGP Ingredients, Inc. (NASDAQ: MGPI) is a producer and marketer of distilled spirits and specialty food and beverage ingredients. The company operates distilleries and processing facilities that manufacture bourbon, rye whiskey, vodka, gin, tequila and other distilled products, as well as grain-based alcohol and related ingredients. The company serves customers through both its Distilling Solutions and Branded Spirits businesses. Its branded portfolio includes products such as Ezra Brooks, Yellowstone, Daviess County, El Mayor and Everclear, while its distilling operations supply spirits and alcohol to beverage companies and other commercial customers.
Recommended Stories
- Five stocks we like better than MGP Ingredients
- The Trade Desk Beats on Revenue, But the Fine Print Matters
- Poll Reveals: Which States Are Most Prepared for a Crisis? [2026]
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
Receive News & Ratings for MGP Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGP Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.
