MGP Ingredients (MGPI) Initiates Qtr. Dividend at 2c/Share; Yields 0.2%
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MGP Ingredients Board Initiates Quarterly Dividend Policy
August 3, 2016 7:35 AM EDTATCHISON, Kan., Aug. 03, 2016 (GLOBE NEWSWIRE) -- MGPÂ Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its board of directors has declared a quarterly dividend of 2 cents per share of common stock payable on September 8, 2016 to stockholders of record as of August 15, 2016.
This initiation of a quarterly dividend highlights the solid progress we have made toward transforming MGP and reflects our confidence in the companys ability to deliver positive cash flow in 2016 and beyond, said Karen... More
MGP Ingredients Board Initiates Quarterly Dividend Policy
August 3, 2016 7:35 AM EDTATCHISON, Kan., Aug. 03, 2016 (GLOBE NEWSWIRE) -- MGPÂ Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that its board of directors has declared a quarterly dividend of 2 cents per share of common stock payable on September 8, 2016 to stockholders of record as of August 15, 2016.
This initiation of a quarterly dividend highlights the solid progress we have made toward transforming MGP and reflects our confidence in the companys ability to deliver positive cash flow in 2016 and beyond, said Karen... More
MGP Ingredients Reports Second Quarter Results
August 3, 2016 7:30 AM EDTATCHISON, Kan., Aug. 03, 2016 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today reported results for the second quarter ended June 30, 2016.
2016 second quarter results compared to 2015 second quarter
Consolidated net sales decreased 5.8% to $80.4 million as increases in net sales of premium beverage alcohol were more than offset by a sales decline in lower margin products.Consolidated gross profit decreased 11.4% to $15.5 million, primarily reflecting... More