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 on Class B Common Stock. This translates to an annual dividend rate of $0.66 for Class A and $0.60 for Class B. The dividends are payable on April 14, 2022, to shareholders of record as of April 7, 2022. Ingles operates 198 supermarkets across six southeastern states, alongside neighborhood shopping centers and a fluid dairy facility.

Positive

• Declaration of cash dividend of $0.165 for Class A and $0.15 for Class B shares.
• Annual dividend rates of $0.66 for Class A and $0.60 for Class B indicate company profitability.

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 April 14, 2022, to all shareholders of record on April 7, 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/20220328005067/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 IMKTA shares?

The dividend amount is $0.165 per share for Class A Common Stock and $0.15 per share for Class B Common Stock.

When will the IMKTA dividend be paid?

The dividend will be paid on April 14, 2022.

What is the record date for IMKTA dividends?

The record date for the dividends is April 7, 2022.

How often does IMKTA pay dividends?

Ingles Markets typically pays dividends quarterly.