Ingredion Incorporated (INGR) To Go Ex-Dividend on October 1st

Ingredion Incorporated (NYSE:INGR) announced a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 1st will be given a dividend of 0.83 per share on Tuesday, October 20th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 1.2% increase from Ingredion’s previous quarterly dividend of $0.82.

Ingredion has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Ingredion has a dividend payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ingredion to earn $11.70 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 28.0%.

Ingredion Stock Performance

Shares of NYSE INGR opened at $97.27 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.80 and a quick ratio of 1.92. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.84 and a beta of 0.62. The stock’s fifty day moving average price is $102.35 and its two-hundred day moving average price is $105.05. Ingredion has a one year low of $94.44 and a one year high of $124.44.

Ingredion (NYSE:INGR) last posted its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $2.87 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. On average, equities analysts forecast that Ingredion will post 10.76 EPS for the current year.

Ingredion Company Profile

Ingredion Incorporated (NYSE: INGR) is a global ingredient solutions company that develops and produces ingredients derived primarily from corn, tapioca, potato and other plant-based sources. Its products are used by food, beverage, brewing, animal nutrition, pharmaceutical, personal care and industrial manufacturers.

The company’s portfolio includes starches, sweeteners, fibers, texturizers, specialty ingredients and plant-based proteins. These ingredients help customers improve the taste, texture, nutrition, stability and performance of finished products, including baked goods, dairy products, beverages, confectionery, sauces and other consumer and industrial goods.

Ingredion serves customers across North America, South America, Asia-Pacific, Europe, the Middle East and Africa.