Company profiles · Agriculture, Dairy & Beverage

MGP Ingredients (MGPI): US–Canada Tariff Exposure, Government Contracts, and Risk

WINNERSATELLITE TIER
Last close · Oct 30$17.12 +2.9% since report
Report price · Aug 28, 2026 close$16.63
Market cap$356M
52-wk range15.72–29.92
Dividend · quarterly$0.48/yr 2.80% · next expected Nov

Why it’s on the map

Contract US whiskey distiller. 50% on Crown Royal/Canadian Club is a direct gift to US-made whiskey; provincial shelf restoration is the bigger swing. Consensus Strong Buy, PT $27.80.

Government money & contracts

None.

Customers & commercial

US spirits brands.

Catalysts

Provincial liquor-board restocking decisions.

Risk

about 44% off high; volumes small.

Tariff durability

Section 338 (fragile).

Dividend · #12 of 47 payers by yield
2.80% yield
$0.48 a share a year · quarterly · pays Mar · May · Aug · Nov
All payers ranked →
Per payment$0.12a share, 4× a year
Next payoutexpected Novnot yet declared
Last ex-dateAug 14, 2026next ex-date Nov 13, 2026
Last paidAug 28, 2026$0.12 a share
Payout ratio98%of earnings · little room left
Raised—streak not on record
Shares at the Oct 30 close of $17.1258.41
Each payment$7.01
Per year · 4 payments$28.04
Recent payments
Ex-datePaidPer share
Aug 14, 2026Aug 28, 2026$0.12
May 15, 2026May 29, 2026$0.12
Mar 13, 2026Mar 27, 2026$0.12
Nov 14, 2025Nov 28, 2025$0.12
Aug 15, 2025Aug 29, 2025$0.12

Yield = $0.12 × 4 ÷ the Oct 30 close of $17.12. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source