Ingredion Incorporated (NYSE:INGR) Declares Quarterly Dividend of $0.83

Ingredion Incorporated (NYSE:INGR) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Thursday, October 1st will be paid 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 is Thursday, October 1st. This is a 1.2% increase from Ingredion’s previous quarterly dividend of $0.82.

Ingredion has increased its dividend payment 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 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

INGR stock opened at $98.97 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.92 and a current ratio of 2.80. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 0.83 and a beta of 0.62. The firm has a 50-day simple moving average of $102.38 and a two-hundred day simple moving average of $105.10. Ingredion has a one year low of $94.44 and a one year high of $124.73.

Ingredion (NYSE:INGR) last announced its earnings results on Tuesday, August 4th. The company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.11. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 EPS. 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 fiscal year.

Analysts Set New Price Targets

INGR has been the topic of several recent research reports. Barclays lowered their price target on shares of Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a research note on Monday, June 8th. UBS Group upped their price objective on shares of Ingredion from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Benchmark restated a “buy” rating on shares of Ingredion in a report on Tuesday, June 9th. Finally, Zacks Research upgraded Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Ingredion currently has a consensus rating of “Hold” and an average target price of $121.29.

About Ingredion

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.