MGP Ingredients (MGPI) Raises Quarterly Dividend 100% to $0.04; 0.4% Yield

MGP Ingredients (NASDAQ: MGPI) declared a quarterly dividend of $0.04 per share, or $0.16 annualized. This is a 100% increase from the prior dividend of $0.02.

The dividend will be payable on March 24, 2017, to stockholders of record on March 1, 2017, with an ex-dividend date of February 27, 2017.

The annual yield on the dividend is 0.4 percent.

“This increased quarterly dividend serves to underscore the board’s confidence in MGP’s ability to realize its future strategic potential, while also acting on the continuing progress we have seen in generating near term cash flow from operations,” said Karen Seaberg, Chair of the Board. “The board views dividends as an important way to share the success of MGP with our stockholders. By declaring this dividend, we are recognizing the company’s strong foundation and the gains MGP has made in delivering shareholder value.”

For a dividend history and other dividend-related data on MGP Ingredients (MGPI) click here.

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