Ingredion IncorporatedPrint Page | Close Window

News Release

Corn Products International Declares Quarterly Dividend of $0.09 Per Share; Holds 2007 Annual Meeting of Stockholders

WESTCHESTER, Ill., May 16 /PRNewswire-FirstCall/ -- The Board of Directors of Corn Products International, Inc. (NYSE: CPO) today announced a quarterly dividend of $0.09 per share on the Company's common stock.

The dividend is payable on July 25, 2007 to stockholders of record at the close of business on June 28, 2007.

The Company also held its Annual Meeting of Stockholders today at the Westbrook Corporate Center Meeting Facility, adjacent to the Company's headquarters in Westchester, Illinois.

During the meeting, stockholders elected four officers to new, three-year terms expiring in 2010. They are Karen L. Hendricks, 58, former Chairman, President and Chief Executive Officer of Baldwin Piano & Organ Company; Bernard H. Kastory, 61, Professor in the Department of Management and Business at Skidmore College; Barbara A. Klein, 52, Senior Vice President and Chief Financial Officer of CDW Corporation; and Samuel C. Scott III, 62, Chairman, President and Chief Executive Officer of Corn Products International.

Also during the meeting, stockholders ratified the appointment of KPMG LLP as the Company's independent registered public accounting firm for 2007.

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 the number-one worldwide producer of dextrose and a leading regional producer of starch, high fructose corn syrup and glucose. In 2006, Corn Products International reported net sales of $2.62 billion with operations in 15 countries at 34 plants, including wholly owned businesses, affiliates and alliances. For more information, visit http://www.cornproducts.com.

CONTACT: investors, David Prichard, +1-708-551-2592, or media, Mark Lindley, +1-708-551-2602, both for Corn Products International, Inc.