Ingredion (INGR) will raise its quarterly dividend by 20 percent to $0.60 per share in 2017. The next dividend is payable on October 25, 2017, to stockholders of record at the close of business on October 2, 2017.

"We are proud of our record of delivering consistent shareholder value.  From dividends and share repurchases to capital investments and acquisitions, we are committed to a balanced deployment of cash consistent with our strategic blueprint," said Ilene Gordon, chairman, president and CEO.

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.