Ingredion Incorporated (NYSE:INGR) to Issue Dividend Increase - $0.83 Per Share

Key Points

• Ingredion raised its quarterly dividend 1.2% to $0.83 per share, payable October 20 to shareholders of record on October 1. The annualized dividend is $3.28, yielding approximately 3.4%, and marks the company’s 14th consecutive year of annual increases.
• The dividend appears well covered, with a current payout ratio of 27.9% and an expected future payout ratio of about 28%, based on projected earnings of $11.70 per share.
• Wall Street maintains a cautious outlook: analysts have assigned Ingredion a consensus “Hold” rating, with one Buy and eight Hold ratings and an average price target of $121.29.

Ingredion Incorporated (NYSE:INGR - Get Free Report) declared a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 1st will be paid a dividend of 0.83 per share on Tuesday, October 20th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date 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%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Ingredion has a payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. 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 INGR opened at $98.97 on Friday. Ingredion has a 12 month low of $94.44 and a 12 month high of $124.73. The business's fifty day simple moving average is $102.38 and its two-hundred day simple moving average is $105.10. The company has a current ratio of 2.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.83 and a beta of 0.62.

Ingredion (NYSE:INGR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, topping the consensus estimate 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 period last year, the company earned $2.87 EPS. Ingredion's revenue for the quarter was up .9% on a year-over-year basis. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. Research analysts anticipate that Ingredion will post 10.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INGR has been the topic of a number of recent research reports. UBS Group increased their target price on Ingredion from $104.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Zacks Research upgraded shares of Ingredion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Benchmark reaffirmed a "buy" rating on shares of Ingredion in a report on Tuesday, June 9th. Weiss Ratings downgraded shares of Ingredion from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Finally, Oppenheimer cut Ingredion from an "outperform" rating to a "market perform" rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $121.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.