MGP Ingredients Declares $0.12 Quarterly Dividend

Rhea-AI Summary

MGP Ingredients (MGPI), a provider of branded and distilled spirits and food ingredient solutions, has announced a quarterly dividend payment. The company's board of directors declared a dividend of $0.12 per share of common stock, which will be paid on November 29, 2024 to stockholders of record as of November 15, 2024.

Positive

• Maintaining consistent dividend payments, demonstrating financial stability
• Continued commitment to shareholder returns through dividend distribution

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 per share of common stock.

The dividend is payable on November 29, 2024 to stockholders of record as of November 15, 2024.

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/20241031285172/en/

For More Information

Investors:

Amit Sharma

Amit.sharma@mgpingredients.com

Media:

Greg Manis

913-360-5440 or greg.manis@mgpingredients.com

Source: MGP Ingredients, Inc.

FAQ

What is MGP Ingredients (MGPI) quarterly dividend amount for Q4 2024?

MGP Ingredients (MGPI) declared a quarterly dividend of $0.12 per share of common stock for Q4 2024.

When is MGPI's Q4 2024 dividend payment date?

MGPI's dividend will be paid on November 29, 2024, to stockholders of record as of November 15, 2024.

What is the record date for MGPI's latest quarterly dividend?

The record date for MGPI's quarterly dividend is November 15, 2024.

Does MGPI pay quarterly dividends?

Yes, MGP Ingredients (MGPI) pays quarterly dividends to its shareholders.