Mgp Ingredients's last quarterly dividend of $0.12 per share was on Aug 17, 2023 (ex-date). At an annualized rate of $0.48 per share, the stock yields 0.46%.
MGPI has a dividend yield of 0.46% which is lower than the Consumer Defensive sector, the industry and its peers average. If we compare it with the Consumer Defensive sector average of 2.48%, Mgp Ingredients's dividend yield is 81% lower. The current dividend yield is less than the historical average of 0.7% of the last 5 years.
Mgp Ingredients has a dividend history dating as far as 1995, but when it comes to recent years the company has recorded 12 consecutive years of dividend payments. Our records of MGPI show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. However with the stock price down by 2.4% from a year ago, the dividend yield marks an increase of 1.7%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 17, 2023 | Sep 1, 2023 | Aug 3, 2023 | $0.12 | normal |
| May 18, 2023 | Jun 2, 2023 | May 4, 2023 | $0.12 | normal |
| Mar 9, 2023 | Mar 24, 2023 | Feb 23, 2023 | $0.12 | normal |
| Nov 17, 2022 | Dec 2, 2022 | Nov 3, 2022 | $0.12 | normal |
| Aug 18, 2022 | Sep 2, 2022 | Aug 4, 2022 | $0.12 | normal |
| May 19, 2022 | Jun 3, 2022 | May 5, 2022 | $0.12 | normal |
| Mar 10, 2022 | Mar 25, 2022 | Feb 24, 2022 | $0.12 | normal |
| Nov 18, 2021 | Dec 3, 2021 | Nov 3, 2021 | $0.12 | normal |
| Aug 19, 2021 | Sep 3, 2021 | Aug 4, 2021 | $0.12 | normal |
| May 20, 2021 | Jun 4, 2021 | May 5, 2021 | $0.12 | normal |
| Mar 11, 2021 | Mar 26, 2021 | Feb 25, 2021 | $0.12 | normal |
| Nov 19, 2020 | Dec 4, 2020 | Oct 29, 2020 | $0.12 | normal |
| Aug 20, 2020 | Sep 4, 2020 | Jul 30, 2020 | $0.12 | normal |
| May 21, 2020 | Jun 5, 2020 | Apr 28, 2020 | $0.12 | normal |
| Mar 12, 2020 | Mar 27, 2020 | Feb 24, 2020 | $0.12 | normal |
| Nov 13, 2019 | Nov 26, 2019 | Oct 29, 2019 | $0.1 | normal |
| Aug 13, 2019 | Aug 30, 2019 | Jul 29, 2019 | $0.1 | normal |
| May 14, 2019 | May 31, 2019 | Apr 29, 2019 | $0.1 | normal |
| Mar 12, 2019 | Mar 29, 2019 | Feb 27, 2019 | $0.1 | normal |
| Nov 14, 2018 | Nov 30, 2018 | Oct 31, 2018 | $0.08 | normal |
| Aug 15, 2018 | Aug 31, 2018 | Jul 31, 2018 | $0.08 | normal |
| May 15, 2018 | Jun 1, 2018 | Apr 30, 2018 | $0.08 | normal |
| Mar 8, 2018 | Mar 23, 2018 | Feb 21, 2018 | $0.08 | normal |
| Nov 13, 2017 | Dec 8, 2017 | Nov 2, 2017 | $0.04 | normal |
| Aug 16, 2017 | Sep 8, 2017 | Aug 1, 2017 | $0.85 | special |
| Aug 16, 2017 | Sep 8, 2017 | Aug 3, 2017 | $0.04 | normal |
| May 11, 2017 | Jun 9, 2017 | May 2, 2017 | $0.04 | normal |
| Feb 27, 2017 | Mar 24, 2017 | Feb 15, 2017 | $0.04 | normal |
| Nov 9, 2016 | Dec 8, 2016 | Oct 31, 2016 | $0.02 | normal |
| Aug 11, 2016 | Sep 8, 2016 | Aug 3, 2016 | $0.02 | normal |
MGPI has a payout ratio of 9.7% which is lower than the Consumer Defensive sector, the industry and its peers average. In comparison with the Consumer Defensive sector average of 51.9%, Mgp Ingredients's payout ratio is 81% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| VLO Valero Energy Corp | 3.05% | $4.04 | 13.9% |
| INGR Ingredion Inc | 3.02% | $2.91 | 33.4% |
| BG Bunge LTD | 2.41% | $2.54 | 19.4% |
| ADM Archer-Daniels-Midland Co | 2.36% | $1.75 | 23.3% |
| DD DuPont de Nemours Inc | 1.91% | $1.41 | 14.8% |
| MGPI Mgp Ingredients Inc | 0.47% | $0.48 | 9.7% |
Yes, Mgp Ingredients has been paying dividends for the last 12 years.
Currently MGPI's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in November 2023.
Mgp Ingredients's last dividend ex-date was on Aug 17, 2023. The dividend amount was $0.12 per share.
MGPI's annualized dividend per share is $0.48.
Currently Mgp Ingredients's dividend yield is 0.46%.
Mgp Ingredients pays four dividends per year.
Mgp Ingredients's dividend payout ratio is 9.7%.
Mgp Ingredients's dividend yield is less than the Consumer Defensive sector average.