Ingredion Incorporated (INGR) will raise its quarterly dividend by another 1.6 percent to 65 cents per share in 2021. This matches last year's dividend hike by INGR and marks the 11th consecutive year of annual dividend increases by Ingredion based on calendar years.

The next INGR dividend of 65 cents is payable on October 25, 2021, to stockholders of record at the close of business on October 4, 2021. A new annualized rate of $2.60 per share yields 2.9% at a stock price of $89. 

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.