MGP Ingredients Declares $0.12 Quarterly Dividend

Rhea-AI Summary

MGP Ingredients (MGPI), a leading provider of branded and distilled spirits and food ingredient solutions, has announced a quarterly dividend declaration. The company's board of directors has approved a dividend payment of $0.12 per share of common stock.

Shareholders who are recorded as stockholders by March 14, 2025, will receive the dividend payment on March 28, 2025.

Positive

• Regular quarterly dividend maintained
• Consistent shareholder returns through dividend payments

Negative

• None.

ATCHISON, Kan.--(BUSINESS WIRE)-- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, today announced that its board of directors has declared a quarterly dividend of $0.12 cents per share of common stock.

The dividend is payable on March 28, 2025 to stockholders of record as of March 14, 2025.

About MGP Ingredients, Inc.

MGP Ingredients, Inc. (Nasdaq: MGPI) is a leading producer of premium branded and distilled spirits, as well as food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our customers.

As one of the largest distillers in the U.S., MGP’s offerings include bourbon and rye whiskeys, gins, and vodkas, which are created at the intersection of science and imagination, for customers of all sizes, from crafts to multinational brands. With distilleries in Kentucky and Indiana, and bottling operations in Missouri, Ohio, and Northern Ireland, MGP has the infrastructure and expertise to create on any scale.

MGP’s branded spirits portfolio covers a wide spectrum of brands in every segment, including iconic brands from Luxco, which was founded in 1958 by the Lux Family. Luxco is a leading producer, supplier, importer, and bottler of beverage alcohol products. Our branded spirits mission is to meet the needs and exceed the expectations of consumers, associates, and business partners. Luxco’s award-winning spirits portfolio includes well-known brands from four distilleries: Bardstown, Kentucky-based Lux Row Distillers, home of Ezra Brooks, Rebel, Blood Oath, David Nicholson, and Daviess County; Lebanon, Kentucky-based Limestone Branch Distillery, maker of Yellowstone Kentucky Straight Bourbon Whiskey, Minor Case Straight Rye Whiskey, and Bowling & Burch Gin; Jalisco, Mexico-based Destiladora González Lux, producer of 100% agave tequilas, El Mayor, Exotico, and Dos Primos; and the historic Ross & Squibb Distillery in Lawrenceburg, Indiana, where Penelope Bourbon, Remus Straight Bourbon Whiskey, and Rossville Union Straight Rye Whiskey are produced. The innovative and high-quality brand portfolio also includes Everclear Grain Alcohol, Pearl Vodka, Green Hat Gin, Saint Brendan’s Irish Cream, The Quiet Man Irish Whiskey, and other well-recognized brands.

In addition, our Ingredient Solutions segment offers specialty proteins and starches that help customers harness the power of plants and provide a host of functional, nutritional, and sensory benefits for a wide range of food products.

The transformation of American grain into something more is in the soul of our people, products, and history. We’re devoted to unlocking the creative potential of this extraordinary resource. For more information, visit mgpingredients.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250226943756/en/

For More Information

Investors:

Amit Sharma, Amit.sharma@mgpingredients.com

Media:

Patrick Barry, 314.540.3865, patrick@byrnepr.net

Source: MGP Ingredients, Inc.

FAQ

What is the dividend amount for MGPI stock in March 2025?

MGP Ingredients (MGPI) declared a quarterly dividend of $0.12 per share of common stock.

When is the ex-dividend date for MGPI's March 2025 dividend?

Stockholders must be on record by March 14, 2025, to receive the dividend.

When will MGPI pay its quarterly dividend for March 2025?

The dividend payment will be distributed on March 28, 2025.

What is the dividend frequency for MGP Ingredients stock?

MGPI pays dividends on a quarterly basis.