Ingredion Incorporated Declares Quarterly Dividend of $0.71 Per Share, 9% Increase From Prior Quarter; Board Authorizes Repurchase of Up to 6 Million Shares
WESTCHESTER, Ill., Sept. 26, 2022 (GLOBE NEWSWIRE) — Today, the board of directors of Ingredion Incorporated (NYSE: INGR) declared a quarterly dividend of $0.71 per share on the Company’s common stock, an increase of 9% over the previous quarter’s dividend per share.
The dividend is payable on October 25, 2022, to stockholders of record at…
Ingredion Incorporated, a leading global ingredient solutions provider, has recently announced a significant increase in its quarterly dividend for shareholders. With a new dividend of $0.71 per share, this marks a 9% increase from the previous quarter’s dividend per share. This decision reflects the company’s strong financial performance and commitment to delivering value to its shareholders.
In addition to the dividend increase, Ingredion’s board of directors has also authorized the repurchase of up to 6 million shares of the company’s common stock. This repurchase program demonstrates the company’s confidence in its long-term prospects and its commitment to enhancing shareholder returns.
Ingredion is known for its innovative ingredient solutions that help food, beverage, brewing, and pharmaceutical companies meet consumer demand for healthier and more sustainable products. The company’s continued focus on research and development, as well as strategic investments in growth markets, positions it well for future success.
Overall, this announcement signals Ingredion’s strong financial position and its commitment to delivering value to shareholders through both dividends and share repurchases. Investors can look forward to reaping the benefits of this increased dividend payout and the potential positive impact on the company’s stock price.
How This Will Affect Me:
As a shareholder of Ingredion Incorporated, the increase in the quarterly dividend to $0.71 per share will result in higher dividend payments for me. This not only provides me with additional income but also demonstrates the company’s financial strength and commitment to shareholder value. Additionally, the authorization for share repurchases may have a positive impact on the company’s stock price, potentially increasing the value of my investment in Ingredion.
How This Will Affect the World:
Ingredion’s decision to increase its dividend and authorize share repurchases not only benefits shareholders but also has broader implications for the global market. As a leading ingredient solutions provider, Ingredion plays a key role in supporting various industries, including food, beverage, and pharmaceuticals. The company’s continued success and commitment to innovation have the potential to drive positive change and growth in these sectors, ultimately benefiting consumers worldwide.
Conclusion:
Ingredion’s announcement of a higher quarterly dividend and share repurchase program reflects the company’s strong performance and dedication to creating value for its shareholders. As an investor, this news is promising, as it indicates a bright future for Ingredion and the potential for increased returns. Additionally, the impact of these decisions extends beyond individual investors, with the potential to drive positive change and growth in the global market. Overall, Ingredion’s commitment to delivering value and innovation positions it as a leader in the industry, with a promising outlook for the future.