LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily takes a closer look at Ingredion Inc. (NYSE: INGR) as the Company's stock will begin trading ex-dividend on September 29, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on September 28, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on INGR. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=INGR

Dividend Declared

On September 15, 2017, Ingredion's Board of Directors increased the Company's quarterly dividend to $0.60 per share on its common stock. The dividend, up from $0.50 per share last quarter, is payable on October 25, 2017, to stockholders of record at the close of business on October 02, 2017.

Ingredion's indicated dividend represents a yield of 2.00%, which is substantially above the average dividend yield of 1.82% for the Consumer Goods sector. The Company has raised its dividend for four consecutive years.

Dividend Insights

Ingredion has a dividend payout ratio of 31.3%, which indicates that it distributes approximately $0.31 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Ingredion is forecasted to report earnings of $8.22 per share in the coming year, which means that the Company should be able to comfortably cover its annualized dividend of $2.40.

At June 30, 2017, total debt and cash and short-term investments were $1.95 billion and $454 million, respectively, versus $1.96 billion and $516 million, respectively, at December 31, 2016 The Company's net cash provided by operating activities totaled $302 million for the six months ended June 30, 2017, compared to operating cash flows of $266 million for the six months ended June 30, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Ingredion

On September 18, 2017, Ingredion announced that its Board of Directors has unanimously selected James P. (Jim) Zallie as the Company's President and CEO effective January 01, 2018. Ilene Gordon, current CEO, President, and Chairman, will serve as the Company's Executive Chairman of the Board, a position she will hold until her retirement in July 2018. Zallie will also immediately join Ingredion's Board.

Commenting on the appointment Gordon said:

"Over the years the Board and I have focused on attracting and retaining top-tier talent and succession planning. After working with Jim for more than seven years, the Board and I are confident that he is absolutely the right choice to lead the company going forward. During his tenure, Jim has been vital to the successful execution of our Strategic Blueprint for Growth. He has been responsible for all four of our business regions as well as the global specialty portfolio that has grown to 26% of Ingredion revenue under his leadership."

Zallie, currently Executive Vice President global specialties and president - Americas, joined Ingredion in 2010 when the Company acquired National Starch LLC, a $1.2 billion (revenue) leader in specialty starches. Prior to his current role, Zallie was responsible for Ingredion's operations in Asia/Pacific (APAC) and Europe, Middle-East, and Africa (EMEA) regions along with corporate-wide responsibility for global innovation and operational excellence.

About Ingredion

Ingredion is a leading global ingredient solutions provider with 2016 revenues close to $6 billion. The FORTUNE 500 Company turns grains, fruits, vegetables, and other plant materials into value-added ingredients and biomaterial solutions for the food, beverage, paper and corrugating brewing and other industries. Serving customers in over 100 countries, its ingredients make crackers crunchy, yogurts creamy, candy sweet, paper stronger, and add fiber to nutrition bars.

Stock Performance

Ingredion's share price finished yesterday's trading session at $120.59, slightly up 0.11%. A total volume of 327.12 thousand shares have exchanged hands. The Company's stock price advanced 3.30% in the last three months. Shares of the Company have a PE ratio of 18.14 and have a dividend yield of 1.99%. The stock currently has a market cap of $8.66 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily