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 for Class A and $0.15 per share for Class B Common Stock, amounting to annual rates of $0.66 and $0.60, respectively. The dividends are payable on January 12, 2023, to shareholders of record as of January 6, 2023. Ingles operates 198 supermarkets across six southeastern states and owns a fluid dairy facility.

Positive

• Declared a cash dividend of $0.165 per share for Class A stock and $0.15 for Class B stock.
• Annual dividend rate of $0.66 for Class A and $0.60 for Class B.
• Dividends reflect the company's confidence in maintaining shareholder returns.

Negative

• None.

ASHEVILLE, N.C.--(BUSINESS WIRE)-- 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 January 12, 2023, to all shareholders of record on January 6, 2023.

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/20221227005009/en/

Pat Jackson, Chief Financial Officer

pjackson@ingles-markets.com

(828) 669-2941 (Ext. 223)

Source: Ingles Markets, Incorporated

FAQ

What is the dividend amount for Ingles Markets (IMKTA) for Class A and Class B stocks?

Ingles Markets has declared a dividend of $0.165 per share for Class A and $0.15 per share for Class B stocks.

When is the dividend payment date for IMKTA?

The dividend payment date for Ingles Markets is January 12, 2023.

What are the annual dividend rates for IMKTA's Class A and Class B stocks?

The annual dividend rates are $0.66 per share for Class A and $0.60 per share for Class B.

Who will receive the dividends for IMKTA?

Shareholders of record as of January 6, 2023, will receive the dividends.