MGP Ingredients (MGPI) will raise its quarterly dividend by 100 percent to $0.08 per share in the first quarter of 2018. The new dividend yield is 2.6%.
MGP is a producer and supplier of premium distilled spirits and specialty wheat proteins and starches. The Company operates through two segments: distillery products and ingredient solutions. Distilled spirits include premium bourbon and rye whiskeys, gins and vodkas. Its ingredient solutions segment consists of specialty wheat starches, specialty wheat proteins, commodity wheat starch and commodity wheat protein or vital wheat gluten.