Ingles Markets, Incorporated Declares Quarterly Cash Dividend

Rhea-AI Summary

Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, translating to annual rates of $0.66 and $0.60 respectively. Dividends are payable on July 15, 2021, to shareholders of record by July 8, 2021. The company operates 198 supermarkets across six southeastern states and also has a fluid dairy facility supporting its operations.

Positive

• Declared cash dividend of $0.165 per share for Class A and $0.15 for Class B, reflecting strong shareholder returns.
• Consistent annual rates of $0.66 and $0.60 for Class A and B respectively indicate ongoing profitability.
• Operational strength with 198 supermarkets enhances revenue stability.

Negative

• None.

Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable July 15, 2021, to all shareholders of record on July 8, 2021.

Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Ingles supermarkets and unaffiliated customers. To learn more about Ingles Markets visit ingles-markets.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005037/en/

FAQ

What is the dividend amount declared by Ingles Markets for IMKTA?

Ingles Markets declared a dividend of $0.165 for Class A Common Stock and $0.15 for Class B Common Stock.

When is the dividend for IMKTA payable?

The dividend is payable on July 15, 2021, to shareholders of record by July 8, 2021.

What are the annual dividend rates for Ingles Markets?

The annual dividend rates are $0.66 for Class A Common Stock and $0.60 for Class B Common Stock.

How many supermarkets does Ingles Markets operate?

Ingles Markets operates 198 supermarkets across six southeastern states.