Ingredion Incorporated Declares Quarterly Dividend of $0.64 Per Share

Rhea-AI Summary

The board of directors of Ingredion has declared a quarterly dividend of $0.64 per share, payable on October 26, 2020. This dividend increase marks the sixth consecutive year of growth in the third quarter. Ingredion, headquartered in Westchester, Illinois, reported over $6 billion in net sales for 2019, operating in more than 120 countries. The company specializes in transforming plant-based materials into value-added ingredient solutions across various sectors including food and beverage.

Positive

• Declared a quarterly dividend of $0.64 per share.
• Sixth consecutive year of dividend increase.
• 2019 annual net sales exceeded $6 billion.

Negative

• None.

WESTCHESTER, Ill., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Today, the board of directors of Ingredion Incorporated (NYSE: INGR) declared a quarterly dividend of $0.64 per share on the Company’s common stock. The dividend is payable on October 26, 2020, to stockholders of record at the close of business on October 1, 2020. This is the sixth consecutive year that Ingredion’s board has approved a quarterly dividend increase in the third quarter.

About the Company
Ingredion Incorporated (NYSE: INGR) headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2019 annual net sales of more than $6 billion, the Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs^® innovation centers around the world and more than 11,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature and technology together to make life better. Visit ingredion.com for more information and the latest Company news.

CONTACT:
Investors: Tiffany Willis, 708-551-2592
Media: Becca Hary, 708-551-2602

FAQ

What is the dividend amount declared by Ingredion in 2020?

Ingredion declared a quarterly dividend of $0.64 per share.

When is the dividend payment date for Ingredion's 2020 dividend?

The dividend is payable on October 26, 2020.

What is the significance of Ingredion's dividend increase?

It marks the sixth consecutive year of dividend increases.

How much were Ingredion's net sales in 2019?

Ingredion reported more than $6 billion in annual net sales for 2019.