Ingredion Incorporated (NYSE:INGR) Announces Dividend Increase – $0.82 Per Share

Ingredion Incorporated (NYSE:INGR) announced a quarterly dividend on Wednesday, August 27th, RTT News reports. Investors of record on Wednesday, October 1st will be given a dividend of 0.82 per share on Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a 2.5% increase from Ingredion’s previous quarterly dividend of $0.80.

Ingredion has a payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ingredion to earn $11.82 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 27.1%.

Ingredion Stock Performance

Shares of Ingredion stock opened at $121.07 on Monday. Ingredion has a fifty-two week low of $120.48 and a fifty-two week high of $155.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. The firm has a market capitalization of $7.77 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.97 and a beta of 0.77. The company’s 50 day moving average price is $127.37 and its two-hundred day moving average price is $132.14.

Ingredion (NYSE:INGR) last issued its earnings results on Friday, August 1st. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.09. Ingredion had a net margin of 9.24% and a return on equity of 19.04%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $2.87 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, equities analysts forecast that Ingredion will post 11.14 earnings per share for the current fiscal year.

About Ingredion

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.