The ex-dividend date for Ingredion (NYSE:INGR) is tomorrow, March 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $71.02 as of 10:47 a.m., the dividend yield is 2.2%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Ingredion (NYSE: INGR) is tomorrow, March 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $71.02 as of 10:47 a.m. ET, the dividend yield is 2.2%. The average volume for Ingredion has been 566,700 shares per day over the past 30 days. Ingredion has a market cap of $5.44 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 10% year to date as of the close of trading on Monday. Ingredion Incorporated, together with its subsidiaries, manufactures and sells 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 12.9, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ingredion as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Ingredion Ratings Report. See our dividend calendar or top-yielding stocks list. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.