SmarterDividends
MGPI

MGP Ingredients, Inc.

MGPI

Consumer Defensive · Beverages - Wineries & Distilleries · Stock · quarterly payer

$15.12

Fairly valued · -11% Add to Portfolio

Forward Yield

3.17%

Annual Dividend

$0.48

Payout Ratio

98%

5-Yr Growth

0.0%

Ex-Date

Aug 14, 2026

Frequency

Quarterly

Key facts about MGPI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, MGP Ingredients, Inc. (MGPI) has a forward dividend yield of 3.17%, based on an annual dividend of $0.48 per share and a share price of $15.12.
  • As of Oct 18, 2026, MGPI's dividend safety grade from SmarterDividends is C (61 out of 100), which rates the dividend as borderline.
  • MGPI last cut its regular dividend in 2016.
  • MGPI's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.12 per share.
  • As of Oct 18, 2026, MGPI pays out 98% of its trailing 12-month earnings as dividends (its payout ratio).
  • MGPI's dividend has been roughly flat over the past five years.
  • As of Oct 18, 2026, MGPI's 3.17% yield is 293% above its five-year average yield of 0.81%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MGPI is $13.39 per share, 11% below the $15.12 share price, so MGPI screens as fairly valued.
  • MGP Ingredients, Inc. (MGPI) pays its dividend quarterly, 4 times a year.
  • MGP Ingredients, Inc. (MGPI) has raised its regular dividend 10 times and cut it 2 times across the 84 payments on record since 1988. Its most recent change was a 20.0% increase to $0.120 per share, going ex-dividend on Mar 12, 2020. The last cut went ex-dividend on Aug 11, 2016.
Cite this page

SmarterDividends, "MGPI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MGPI

Summary

As of Oct 18, 2026, MGP Ingredients, Inc. (MGPI) yields 3.17% ($0.48 a year per share) and has a dividend safety grade of C (61/100).

Is MGPI a good dividend stock?

Yes, with caveats

MGP Ingredients, Inc. (MGPI) pays a quarterly dividend yielding 3.17% ($0.48/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2016
    • Elevated payout ratio (98%)
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    3.17%
    Payout Ratio
    98%
    Annual Dividend
    $0.48
    5-Yr Avg Growth
    0.0%
    Ex-Dividend Date
    Aug 14, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    0.48
    Market Cap
    $323.8M
    P/E Ratio
    —
    5-Yr Total Return
    -81%
    52-Week Range
    $12.42 – $26.77
    Dividend Safety
    C · 61/100
    Ever Cut?
    Yes (2016)

    MGPI dividend raises and cuts

    MGP Ingredients, Inc. (MGPI) has raised its regular dividend 10 times and cut it 2 times across the 84 payments on record since 1988. Its most recent change was a 20.0% increase to $0.120 per share, going ex-dividend on Mar 12, 2020. The last cut went ex-dividend on Aug 11, 2016.

    Ex-dateChangeOld → newMove
    Mar 12, 2020Raise$0.100 → $0.120+20.0%
    Mar 12, 2019Raise$0.0800 → $0.100+25.0%
    Mar 8, 2018Raise$0.0400 → $0.0800+100.0%
    Feb 27, 2017Raise$0.0200 → $0.0400+100.0%
    Aug 11, 2016Cut$0.0600 → $0.0200−66.7%
    Mar 24, 2015Raise$0.0500 → $0.0600+20.0%
    Mar 29, 2007Cut$0.150 → $0.100−33.3%
    Oct 5, 2004Raise$0.0750 → $0.150+100.0%
    Oct 9, 2001Raise$0.0500 → $0.0750+50.0%
    Jul 17, 1992Raise$0.0583 → $0.0625+7.1%
    Jan 8, 1990Raise$0.0500 → $0.0583+16.7%
    Jan 9, 1989Raise$0.0333 → $0.0500+50.0%
    Every MGPI payment →Download every raise and cut (CSV)
    MGPI ex-dividend date & scheduleNext ex-date Aug 14, 2026 · full ex-dividend historyView →MGPI dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is MGPI a good dividend stock?

    Yes, with caveats. MGP Ingredients, Inc. (MGPI) pays a quarterly dividend yielding 3.17% ($0.48/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is MGPI undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MGPI's fair value is about $13.39 versus a $15.12 share price — so it looks fairly valued (-11% vs. fair value).

    Is MGPI's dividend safe?

    MGPI has a dividend-safety grade of C (61/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2016, debt and yield-versus-history.

    What is MGPI's fair value?

    Our blended fair-value estimate for MGPI is about $13.39 per share, about 11% below the current $15.12 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is MGPI a buy, hold, or sell?

    We don't issue formal ratings, but on the data MGPI screens as "yes, with caveats" and fairly valued. MGP Ingredients, Inc. (MGPI) pays a quarterly dividend yielding 3.17% ($0.48/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will MGPI cut its dividend?

    MGPI earns a dividend-safety grade of C (61/100), and has cut its dividend before (last in 2016). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does MGPI pay a dividend?

    Yes. MGP Ingredients, Inc. pays a quarterly dividend of about $0.48 per share annually, a forward yield of roughly 3.17%.

    What is MGPI's dividend yield?

    As of Oct 18, 2026, MGPI's forward dividend yield is 3.17%, based on a $0.48 annual dividend and a $15.12 share price.

    What is MGPI's dividend per share?

    As of Oct 18, 2026, MGPI pays $0.48 per share per year, distributed on a quarterly basis.

    What is MGPI's dividend payout ratio?

    As of Oct 18, 2026, MGPI's payout ratio is 98% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has MGPI grown its dividend?

    MGPI does not currently have a long dividend-growth streak on record.

    When is the next MGPI ex-dividend date?

    As of Oct 18, 2026, MGPI's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.12 per share.

    Income Calculator

    At $0.48 / yr per share

    Per payment (quarterly)$12.00
    Annual$48.00
    Monthly avg$4.00

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