MGP Ingredients, Inc. (NASDAQ:MGPI) will begin trading ex-dividend on November 19, 2020. The quarterly dividend payment of $ 0.12 per share is scheduled to be paid on December 4, 2020. The dividend yield based on the latest trading day closing price was 1.16 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 19, 2020.
Dividends History
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MGP Ingredients, Inc. recently reported third quarter financial results on October 29, 2020, before market open, the Atchison based company posted income for the third quarter of $ 0.61 per share, from the revenue of $ 102.96 million. The quarterly earnings expanded 27.08 percent while revenues elevated 13.53 percent compared with the same quarter last year.
Street analysts expected MGP Ingredients, Inc. recently reported third quarter financial results on October 29, 2020, before market open, the Atchison based company to report income of $ 0.54 per share on revenue of $ 95.91 million for the third quarter. The bottom line results beat street analysts by $ 0.07 or 12.96 percent, at the same time, top line results outshined analysts by $ 7.05 million or 7.35 percent.
Stock Performance
On Friday, shares of MGP Ingredients, Inc. has traded high as $ 41.59 and has cracked $ 40.72 on the downward trend, reaching $ 41.28 with volume of 96.20 thousand shares.
According to the previous trading day, closing price of $ 41.28, representing a 87.38 % increase from the 52 week low of $ 21.64 and a 23.96 % decrease over the 52 week high of $ 53.33.
The company has a market capital of $ 698.28 million and is part of the Consumer Defensive sector and Packaged Foods industry.
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates in two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products.
