Ingredion Incorporated (NYSE:INGR – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.82 per share on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, July 1st.
Ingredion has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 14 years. Ingredion has a payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Ingredion to earn $11.74 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 27.9%.
Ingredion Price Performance
Ingredion stock opened at $100.61 on Thursday. Ingredion has a 12-month low of $99.50 and a 12-month high of $140.85. The stock has a market capitalization of $6.34 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.84 and a beta of 0.64. The firm’s 50-day moving average is $110.60 and its two-hundred day moving average is $111.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.76 and a quick ratio of 1.83.
Ingredion Company Profile
Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.
The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.
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