Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Saturday, 15 September 2018, 07:00 HKT/SGT
Share:
    

Source: Ingredion Incorporated
Ingredion Incorporated Declares Quarterly Dividend of $0.625 per Share

WESTCHESTER, Ill., Sept 15, 2018 - (ACN Newswire) - Today, the Board of Directors of Ingredion Incorporated (NYSE: INGR) declared a quarterly dividend of $0.625 per share on the company's common stock. The dividend is payable on October 25, 2018, to stockholders of record at the close of business on October 1, 2018. This is the fourth consecutive year that Ingredion's Board has approved a quarterly dividend increase in the third quarter.

"Our Board and management team are confident in the company's long-term ability to generate solid cash flows and deliver value to shareholders," said Jim Zallie, Ingredion's president and CEO. "We intend to continue to leverage our strong balance sheet to invest in growing our specialties portfolio and we remain committed to strengthening our business model and returning cash to shareholders."

About the Company
Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With annual net sales of nearly $6 billion, the 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. With 27 Ingredion Idea Labs(R) innovation centers around the world and more than 11,000 employees, the company develops ingredient solutions to meet consumers' evolving needs by making crackers crunchy, yogurt creamy, candy sweet, paper stronger, and adding fiber to nutrition bars. 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," "assume", "believe," "plan," "project," "estimate," "expect," "intend," "continue," "pro forma," "forecast," "outlook," "propels," "opportunities," "potential," "provisional" 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 circumstances or 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, investors 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, 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; 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, beverage, paper and corrugated, 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; particularly recently enacted United States tax reform; operating difficulties; availability of raw materials, including potato starch, tapioca, gum arabic and the specific varieties of corn upon which some of our products are based; our ability to develop or acquire new products and services at rates or of qualities sufficient to meet expectations; 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 achieve expected cost savings under our Cost Smart program; 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, 2017 and subsequent reports on Forms 10-Q and 8-K

CONTACT:
Investors: Heather Kos, 708-551-2592
Media: Becca Hary, 708-551-2602

###

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via Globenewswire


Sept 15, 2018 07:00 HKT/SGT
Topic: Press release summary

http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Ingredion Incorporated
Aug 2, 2018 18:30 HKT/SGT
Ingredion Incorporated Reports Second Quarter 2018 Results
July 13, 2018 07:00 HKT/SGT
Ingredion Announces $125 Million Cost Savings Program to Drive Further Operational Efficiency; Announces Preliminary Second Quarter EPS and Revises Adjusted EPS Guidance
July 2, 2018 22:30 HKT/SGT
Ingredion to Release 2018 Second-Quarter Financial Results and Hold Conference Call and Webcast on Thursday, August 2, 2018
May 17, 2018 08:00 HKT/SGT
Ingredion Incorporated Declares Quarterly Dividend of $0.60 per Share
May 3, 2018 18:30 HKT/SGT
Ingredion Incorporated Reports First Quarter 2018 Results
Apr 9, 2018 22:00 HKT/SGT
Ingredion to Release 2018 First-Quarter Financial Results and Hold Conference Call and Webcast on Thursday, May 3, 2018
Mar 22, 2018 08:50 HKT/SGT
Ingredion Incorporated Declares Quarterly Dividend of $0.60 per Share
Feb 20, 2018 19:00 HKT/SGT
Ingredion's Unique Value Proposition - A Winning Recipe; Executives Will Present at CAGNY 2018 Conference
Feb 7, 2018 08:00 HKT/SGT
Ingredion to Present at the Consumer Analyst Group of New York (CAGNY) Conference on Tuesday, February 20, 2018
Feb 1, 2018 19:50 HKT/SGT
Ingredion Incorporated Reports Solid Fourth Quarter 2017 Results and Record Full-Year Earnings Per Share
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: