The Board of Directors of Ingredion
Incorporated INGR today declared a quarterly dividend of $0.42 per
share on the Company's common stock, which is an increase of 11 percent
compared to the previous quarterly dividend of $0.38 per share. The dividend
is payable on January 27, 2014, to stockholders of record at the close of
business on December 31, 2013.
"We are pleased to announce our fourth dividend increase in the past several
years, reflecting our strong cash flow and our commitment to appropriately
returning capital to our shareholders," said Ilene S. Gordon, Chairman and
CEO.
ABOUT THE COMPANY
Ingredion Incorporated INGR is a leading global ingredients solutions
provider specializing in nature-based sweeteners, starches and nutrition
ingredients. With customers in more than 40 countries, Ingredion serves
approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals
and other industries. For more information, visit ingredion.com.
Forward-Looking Statements
This news release contains or may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. The Company
intends these forward-looking statements to be covered by the safe harbor
provisions for such statements.
Forward-looking statements include, among other things, any statements
regarding the Company's prospects or future financial condition, earnings,
revenues, tax rates, capital expenditures, expenses or other financial items,
any statements concerning the Company's prospects or future operations,
including management's plans or strategies and objectives therefor and any
assumptions, expectations or beliefs underlying the foregoing.
These statements can sometimes be identified by the use of forward looking
words such as "may," "will," "should," "anticipate," "believe," "plan,"
"project," "estimate," "expect," "intend," "continue," "pro forma,"
"forecast," "outlook" or other similar expressions or the negative thereof.
All statements other than statements of historical facts in this release or
referred to in this release are "forward-looking statements."
These statements are based on current expectations, but are subject to certain
inherent risks and uncertainties, many of which are difficult to predict and
are beyond our control. Although we believe our expectations reflected in
these forward-looking statements are based on reasonable assumptions,
stockholders are cautioned that no assurance can be given that our
expectations will prove correct.
Actual results and developments may differ materially from the expectations
expressed in or implied by these statements, based on various factors,
including the effects of global economic conditions, including, particularly,
continuation or worsening of the current economic, currency and political
conditions in South America and economic conditions in Europe, and their
impact on our sales volumes and pricing of our products, our ability to
collect our receivables from customers and our ability to raise funds at
reasonable rates; fluctuations in worldwide markets for corn and other
commodities, and the associated risks of hedging against such fluctuations;
fluctuations in the markets and prices for our co-products, particularly corn
oil; fluctuations in aggregate industry supply and market demand; the behavior
of financial markets, including foreign currency fluctuations and fluctuations
in interest and exchange rates; continued volatility and turmoil in the
capital markets; the commercial and consumer credit environment; general
political, economic, business, market and weather conditions in the various
geographic regions and countries in which we buy our raw materials or
manufacture or sell our products; future financial performance of major
industries which we serve, including, without limitation, the food and
beverage, pharmaceuticals, paper, corrugated, textile and brewing industries;
energy costs and availability, freight and shipping costs, and changes in
regulatory controls regarding quotas, tariffs, duties, taxes and income tax
rates; operating difficulties; availability of raw materials, including
tapioca and the specific varieties of corn upon which our products are based;
energy issues in Pakistan; boiler reliability; our ability to effectively
integrate and operate acquired businesses; our ability to achieve budgets and
to realize expected synergies; our ability to complete planned maintenance and
investment projects successfully and on budget; labor disputes; genetic and
biotechnology issues; changing consumption preferences including those
relating to high fructose corn syrup; increased competitive and/or customer
pressure in the corn-refining industry; and the outbreak or continuation of
serious communicable disease or hostilities including acts of terrorism.
Our forward-looking statements speak only as of the date on which they are
made and we do not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of the statement
as a result of new information or future events or developments. If we do
update or correct one or more of these statements, investors and others should
not conclude that we will make additional updates or corrections. For a
further description of these and other risks, see "Risk Factors" included in
our Annual Report on Form 10-K for the year ended December 31, 2012 and
subsequent reports on Forms 10-Q and 8-K.
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