Ingredion Incorporated (NYSE:INGR) Announces Dividend Increase – $0.83 Per Share

Ingredion Incorporated (NYSE:INGR) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Thursday, October 1st will be given a dividend of 0.83 per share on Tuesday, October 20th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, October 1st. This is a 1.2% increase from Ingredion’s previous quarterly dividend of $0.82.

Ingredion has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Ingredion has a payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Ingredion to earn $11.70 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 28.0%.

Ingredion Price Performance

NYSE:INGR opened at $98.97 on Friday. The business’s 50-day moving average is $102.38 and its 200 day moving average is $105.10. Ingredion has a 12 month low of $94.44 and a 12 month high of $124.73. The company has a market capitalization of $6.24 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.83 and a beta of 0.62. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39.

Ingredion (NYSE:INGR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.11. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, equities research analysts forecast that Ingredion will post 10.76 earnings per share for the current fiscal year.

About Ingredion

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company’s portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

Ingredion serves customers across North America, South America, Asia-Pacific, Europe, the Middle East and Africa.