Ingredion Hikes Dividend By 9%; Plans Stock Buyback

Ingredion Hikes Dividend By 9%; Plans Stock Buyback
  • Ingredion Inc INGR has increased the quarterly dividend by 9% quarter-on-quarter to $0.71 per share.
  • The dividend is payable on October 25, 2022, to stockholders of record at the close of business on October 6, 2022.
  • The company's Board of Directors has also authorized the repurchase of up to 6 million shares from September 26, 2022, through December 31, 2025.
  • The new program replaces the prior stock repurchase program, which had approximately 3.8 million shares remaining for repurchase.
  • The company held $322 million in cash and equivalents as of June 30, 2022.
  • Price Action: INGR shares are trading higher by 1.25% at $79.98 in premarket on the last check Tuesday.
Posted In: BriefsNewsDividendsBuybacks