Ingredion Increases Dividend for the 12th Consecutive Year
Ingredion Incorporated (NYSE:INGR) has raised its quarterly dividend to $0.83 per share from $0.82, marking the company's 12th consecutive annual increase in Q3. This results in an annualized payout of $3.32 per share and a yield range of approximately 3.2%–3.4%. While modest at just a 1.2% rise, this move reinforces Ingredion’s commitment to maintaining dividend support for income-focused investors. The company's strong cash flow supports the increased payout. In 2025, it generated $944 million in operating cash flow and paid out $211 million in dividends—only about 22% of total cash flow. Ingredion expects to generate between $725 million and $825 million in operating cash flow for 2026 against capital expenditures of around $400–$440 million, leaving ample room after capex to fund the dividend. However, higher capital spending could limit future payout growth. The company’s free cash flow is being increasingly absorbed by investments and its pending acquisition of Tate & Lyle for $3.6 billion may further impact capital allocation.
Tickers: $INGR
Topics: cash flow dividends income investing