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|Corn Products International Increases Common Stock Quarterly Dividend by 17 Percent, Holds 2008 Annual Meeting of Stockholders|
|WESTCHESTER, Ill., May 21, 2008 (BUSINESS WIRE) -- The Board of Directors of Corn Products International, Inc. (NYSE:
CPO) today declared a quarterly dividend of $0.14 per share on the
Company's common stock, a 17 percent increase compared with its
previous dividend of $0.12. This is the Company's second common stock
dividend increase in 2008.
The dividend is payable on July 25, 2008 to stockholders of record at the close of business on June 26, 2008.
The Company also held its 2008 Annual Meeting of Stockholders today at the Westbrook Corporate Center Meeting Facility, adjacent to the Company's headquarters in Westchester, Illinois.
At the meeting, stockholders elected three directors to new, three-year terms expiring in 2011. They are Richard J. Almeida, 65, former Chairman and Chief Executive Officer of Heller Financial, Inc.; Gregory B. Kenny, 55, President and Chief Executive Officer of General Cable Corporation; and James M. Ringler, 62, Chairman of the Board of Teradata Corporation.
Also during the meeting, stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for 2008.
About the Company
Corn Products International is one of the world's largest corn refiners and a major supplier of high-quality food ingredients and industrial products derived from the wet milling and processing of corn and other starch-based materials. The Company, headquartered in Westchester, Ill., is a leading worldwide supplier of dextrose and a major regional producer of starch, high fructose corn syrup and glucose. In 2007, Corn Products International reported record net sales and diluted earnings per share of $3.4 billion and $2.59, respectively. The Company has operations in 15 countries at 34 plants, including wholly owned businesses, affiliates and alliances. For more information, visit www.cornproducts.com.
Corn Products International, Inc.