Ingredion hikes dividend by 9.2%

On september 26, 2022, Ingredion Incorporated (INGR) announced a dividend hike o 9.2% to 71 cents per share quarterly. The next INGR dividend is payable on October 25, 2022, to stockholders of record at the close of business on October 6, 2022. 

This is the eighth consecutive year Ingredion’s board approved a quarterly dividend increase in the third quarter. A new annualized rate of $2.84 per share yields 3.4% at a stock price of $83. 

Ingredion Incorporated is a global ingredient solutions provider. The company is principally engaged in the production and sale of starches and sweeteners for a wide range of industries. Ingredion turns corn, tapioca, potatoes, grains, fruits, and vegetables into value-added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing and other industries. The company's four reportable business segments are: North America, South America, Asia Pacific and Europe, Middle East, and Africa. Ingredion was incorporated as a Delaware corporation in 1997 and has paid a dividend every year since 1998.