Ingredion Incorporated (NYSE: INGR) has recently declared a substantial dividend increase on its common stock. The company's board of directors has approved a quarterly dividend of $0.78 per share, representing a remarkable 9.9% increase compared to the previous quarter's dividend per share. This decision is part of the company's commitment to rewarding its shareholders and reflects their confidence in the company's financial strength and future prospects.

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Quarterly Dividend Boost

Ingredion's announcement of a quarterly dividend increase is great news for its existing shareholders and potential investors alike. With the increase to $0.78 per share, investors can now expect higher returns on their investments. This move signals the company's dedication to sharing its success with those who have invested in its growth and demonstrates their focus on generating long-term value for shareholders.

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Payment and Record Dates

Investors should mark their calendars as the upcoming dividend is scheduled to be paid on October 24, 2023. To be eligible for this dividend payout, shareholders must be on record as of the close of business on October 2, 2023. This timeline ensures that all eligible investors will receive their entitled dividends without delay. By adhering to these dates, Ingredion aims to maintain transparency and a smooth dividend distribution process.

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Consistent Dividend Growth

Ingredion's commitment to increasing shareholder value is evident from its track record of consistent dividend growth. This latest dividend increase marks the ninth consecutive year that the company's board of directors has approved a quarterly dividend boost in the third quarter. Such sustained dividend growth is a testament to the company's financial stability, strong performance, and strategic management decisions.

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Investors in Ingredion Incorporated have every reason to be delighted with the recent announcement of a 9.9% dividend increase on the company's common stock. The decision showcases the company's dedication to rewarding its shareholders and reflects their confidence in the company's future outlook. As the dividend is set to be paid on October 24, 2023, and considering Ingredion's consistent track record of dividend growth, it is evident that the company remains committed to generating long-term value for its shareholders. For potential investors, this news may signal a compelling opportunity to consider adding Ingredion to their portfolio.