Glacial Lakes Corn Processors doles out another round of cash payments to shareholders

August 4, 2023

Mike Tanner

WATERTOWN, S.D.–Shareholders of Glacial Lakes Corn Processors of Watertown recently received notice of another dividend check they’ve received for Fiscal Year 2022.

In a letter dated July 19th CEO Jim Seurer writes that “given their favorable financial performance,” the Corn Processors Board of Directors authorized another dividend of 12 cents per share, or $22.1 million in total, be distributed to shareholders of record.

Combined with previous dividends for Fiscal Year 2022, the payment brings the cash total for the fiscal year to approximately $86.3 million, or 46 cents per share.

Since its inception, Glacial Lakes Corn Processors has made more than $352 million in cash distributions.