Ingredion Incorporated (INGR) will raise its dividend for the second time this year. The quarterly dividend will be increased by another 10.5 percent to $0.42 per share.

The next dividend is payable on January 27, 2014, to stockholders of record at the close of business on December 31, 2013. The ex-date for this dividend is December 27, 2013.

Ingredion Incorporated is a global ingredient solutions provider. The company is principally engaged in the production and sale of starches and sweeteners for a wide range of industries. Ingredion turns corn, tapioca, potatoes, grains, fruits, and vegetables into value-added ingredients and biomaterials for the food, beverage, paper and corrugating, brewing and other industries. The company's four reportable business segments are: North America, South America, Asia Pacific and Europe, Middle East, and Africa. Ingredion was incorporated as a Delaware corporation in 1997 and has paid a dividend every year since 1998.