MGP Ingredients, Inc. (MGPI) Stock Split History

MGP Ingredients, Inc. has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on July 16, 1992 with the ratio of 3-for-2, meaning that for 2 shares of MGPI owned pre-split, shareholders then owned 3 shares. The most recent stock split took place on July 16, 2004 on a 2-for-1 basis.

These actions have increased MGPI stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on MGP Ingredients, Inc.'s total market capitalization.

For more detailed information of MGP Ingredients, Inc.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. MGP Ingredients, Inc. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when MGPI stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by MGP Ingredients, Inc.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.