UPDATE: Ingredion (INGR) Declares $0.42 Quarterly Dividend; Approves 5M Share Buyback (Correct)

(Updated - December 12, 2014 11:49 AM EST)

(Update corrects headline)

Ingredion (NYSE: INGR) declared a quarterly dividend of $0.42 per share, or $1.68 annualized.

The dividend will be payable on January 26, 2015, to stockholders of record on December 31, 2014, with an ex-dividend date of December 29, 2014.

The annual yield on the dividend is 2 percent.

The board of directors of Ingredion Incorporated (INGR) today authorized a new stock repurchase program permitting purchases of up to five million of Ingredion`s outstanding common shares from January 1, 2015 to December 31, 2019.

The Company expects its previous program authorizing purchases of up to four million common shares to be substantially completed during the fourth quarter of this year. As previously disclosed, 3.2 million of the anticipated 3.9 million shares to be repurchased under an accelerated stock repurchase agreement were purchased on August 1, 2014.

For a dividend history and other dividend-related data on Ingredion (INGR) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• MGIC Investment (MTG) Announces $750M Share Buyback, Declares $0.115 Dividend
• Amphenol (APH) Reports Q1, Announces $2B Share Buyback
• Masonite (DOOR) Shareholders Approve Transaction with Owens Corning (OC)