Ingredion Raises Dividend by 20%

Good news for Ingredion (INGR) investors. On Friday, the company announced a 20% increase to its dividend. The quarterly payout will rise from 50 to 60 cents per share. Based on Friday’s closing price, the new dividend yields 1.92%.

“We are proud of our record of delivering consistent shareholder value. From dividends and share repurchases to capital investments and acquisitions, we are committed to a balanced deployment of cash consistent with our strategic blueprint,” said Ilene Gordon, chairman, president and CEO.

The new dividend is payable on October 25 to stockholders of record at the close of business on October 2.

On Monday, Ingredion said that James Zallie will become their new CEO on January 1. He’ll replace Ilene Gordon who will stay on as chairman until July 2018.

Posted by on September 18th, 2017 at 10:01 am


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