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 its Class A Common Stock and $0.15 per share on its Class B Common Stock, reflecting annual rates of $0.66 and $0.60, respectively. These dividends are payable on January 13, 2022, to shareholders of record on January 6, 2022. Headquartered in Asheville, North Carolina, Ingles operates 198 supermarkets across six southeastern states and also runs neighborhood shopping centers and a fluid dairy facility.

Positive

• Dividend payments signify company profitability and shareholder returns.
• Annual dividend rates indicate financial commitment to returning value, with $0.66 (Class A) and $0.60 (Class B) per share.

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 13, 2022, to all shareholders of record on January 6, 2022.

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/20211227005077/en/

Ingles Markets, Inc.

Ron Freeman, Chief Financial Officer

rfreeman@ingles-markets.com

(828) 669-2941 (Ext. 223)

Source: Ingles Markets, Incorporated

FAQ

What is the dividend amount for Ingles Markets (IMKTA)?

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

When will the dividends for IMKTA be paid?

Dividends for IMKTA will be paid on January 13, 2022.

What is the record date for the IMKTA dividend?

The record date for the IMKTA dividend is January 6, 2022.

What are the annual dividend rates for Ingles Markets (IMKTA)?

The annual dividend rate is $0.66 for Class A Common Stock and $0.60 for Class B Common Stock.