The ex-dividend date for Ingredion (NYSE:INGR) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $48.48 as of 9:35 a.m., the dividend yield is 1.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Ingredion (NYSE: INGR) is tomorrow, June 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $48.48 as of 9:35 a.m. ET, the dividend yield is 1.7%. The average volume for Ingredion has been 506,800 shares per day over the past 30 days. Ingredion has a market cap of $3.69 billion and is part of the consumer goods sector and food & beverage industry. Shares are unchanged year to date as of the close of trading on Tuesday. Ingredion Incorporated, together with its subsidiaries, engages in the manufacture and sale of starch and sweetener ingredients in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. The company has a P/E ratio of 10.6, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Ingredion as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Ingredion Ratings Report. See our dividend calendar or top-yielding stocks list.