Middleby Corp
MIDDMiddleby Corp (MIDD) is a global leader in the foodservice equipment industry, manufacturing and distributing a wide range of commercial kitchen appliances and equipment. Founded in 1889, the company has grown through a combination of organic growth and acquisitions, providing innovative solutions for restaurants, food processing, and hospitality sectors worldwide. Middleby focuses on delivering high-quality, efficient, and technologically advanced products to enhance foodservice operations.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| July 6, 2004 | $0.40 | 2004-06-02 | 2004-06-04 |
Dividends Summary
- Consistent Payer: Middleby Corp has rewarded shareholders with 1 dividend payments over the past 0 years.
- Total Returned Value: Investors who held MIDD shares during this period received a total of $0.40 per share in dividend income.
- Latest Payout: The most recent dividend of $0.40/share was paid 7871 days ago, on July 6, 2004.
Company News
SG Capital Management LLC completely exited its stake in Oshkosh Corporation, selling all 557,006 shares in the third quarter of 2025. The sale represents a significant portfolio change, with the company previously holding OSK as its second-largest holding.
Middleby reported mixed Q2 2025 financial results with revenue of $977.9 million, slightly beating estimates but showing a 1.4% year-over-year decline. The company faced challenges from economic uncertainty, tariffs, and negative organic sales growth across business segments.
Insider executives from Builders FirstSource, UnitedHealth Group, and Middleby Corp have collectively invested over $170 million in their own company stocks, signaling strong confidence in their future performance.
Middleby Corporation announced plans to spin off its $800 million Food Processing business into a standalone public company by early 2026. The move is expected to unlock further value and growth opportunities for both the remaining Middleby Kitchen Equipment business and the new Middleby Food Processing entity.
Middleby, a leading player in commercial, food processing, and residential kitchen equipment, reported strong Q4 2024 earnings despite facing challenges in specific segments. The company's strategic initiatives, including acquisitions and innovation, helped offset the impact of macroeconomic factors.
