Ingredion Incorporated (NYSE:INGR) to Issue $0.82 Quarterly Dividend

Ingredion Incorporated (NYSE:INGR) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.82 per share on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 1st.

Ingredion has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 14 years. Ingredion has a dividend payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.3%

INGR opened at $100.61 on Thursday. The firm 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 200-day moving average is $111.95. Ingredion has a 52-week low of $99.50 and a 52-week high of $140.85. The company has a quick ratio of 1.83, a current ratio of 2.76 and a debt-to-equity ratio of 0.40.

Ingredion (NYSE:INGR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.10). The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Ingredion had a net margin of 9.36% and a return on equity of 15.86%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.97 EPS. Ingredion has set its FY 2026 guidance at 10.450-11.150 EPS. Analysts expect that Ingredion will post 10.88 EPS for the current fiscal year.

About Ingredion

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.