Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Ingredion Incorporated is a global ingredients solutions company that primarily serves the food and beverage, animal nutrition, brewing, pharmaceutical, and industrial markets. The company specializes in transforming plant-based raw materials—primarily corn, tapioca, potatoes, rice, and pulses—into value-added ingredients used to improve taste, texture, nutrition, and functionality in finished products. Its core offerings include sweeteners, starches, plant-based proteins, texturizers, and specialty ingredients that support clean-label and consumer-driven product formulations.
Founded in 1906 as Corn Products Refining Company, Ingredion has evolved through organic growth and acquisitions into a diversified global ingredients provider. The company rebranded to Ingredion Incorporated in 2012 to reflect its shift toward specialty and value-added ingredient solutions beyond commodity sweeteners and starches. Its strategic positioning emphasizes innovation, formulation expertise, and close collaboration with customers to address changing consumer preferences such as reduced sugar, plant-based nutrition, and sustainability.
Business Operations
Ingredion operates through four primary business segments: North America, South America, Asia-Pacific, and EMEA (Europe, Middle East, and Africa). Revenue is generated through the sale of ingredient solutions including modified and specialty starches, sweeteners (such as glucose syrups and high-fructose corn syrup), plant-based proteins, fibers, and texturants. The company serves multinational consumer packaged goods manufacturers as well as regional and local customers across food, beverage, and industrial applications.
The company controls a global network of manufacturing facilities, research and development centers, and application labs. Key subsidiaries include Ingredion USA, Inc., Ingredion Mexico S.A. de C.V., and Ingredion Germany GmbH, among others. Ingredion also maintains strategic partnerships and joint ventures in select markets to enhance local production capabilities and customer access, particularly in emerging economies.
Strategic Position & Investments
Ingredion’s strategic direction focuses on accelerating growth in specialty ingredients, particularly plant-based proteins, clean-label starches, and sugar-reduction solutions. The company has made targeted investments in capacity expansion, innovation centers, and digital formulation tools to support customer co-development and faster commercialization. These initiatives are intended to shift the revenue mix toward higher-margin specialty ingredients and reduce exposure to commodity price volatility.
Notable acquisitions supporting this strategy include Verdient Foods Inc., which expanded Ingredion’s capabilities in pulse-based proteins, and PureCircle Limited, strengthening its position in stevia-based sweeteners. Ingredion also continues to invest in emerging technologies related to alternative proteins, texturization, and sustainable ingredient processing, aligning its portfolio with long-term consumer and regulatory trends.
Geographic Footprint
Ingredion is headquartered in North America, with its corporate headquarters located in the United States. The company operates manufacturing and innovation facilities across South America, Asia-Pacific, and EMEA, giving it a balanced global footprint and reducing reliance on any single market. Its products are sold in more than 120 countries, serving both developed and emerging economies.
The company maintains a particularly strong presence in Latin America, where it has long-standing production assets and market leadership in starches and sweeteners. In Asia-Pacific and Europe, Ingredion continues to expand its specialty ingredient offerings and customer partnerships, supported by regional innovation centers and application labs tailored to local market needs.
Leadership & Governance
Ingredion is led by an executive team with experience in global food systems, manufacturing, and innovation-driven growth. The leadership emphasizes a strategy centered on customer collaboration, disciplined capital allocation, and the transition toward higher-value, sustainable ingredient solutions. Corporate governance follows U.S. public company standards, with oversight provided by an independent board of directors.
Key executives include:
- James P. Zallie – President and Chief Executive Officer
- James D. Gray – Executive Vice President and Chief Financial Officer
- Leticia Gonçalves – Senior Vice President and Chief People Officer
- Vivek Jain – Senior Vice President and President of Texture & Healthful Solutions
- Kurt K. Schlefer – Senior Vice President and Chief Information Officer