Ingles Markets, Incorporated Declares Quarterly Cash Dividend

Rhea-AI Summary

Ingles Markets, Incorporated (NASDAQ: IMKTA) announced a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock. This translates to an annual rate of $0.66 for Class A and $0.60 for Class B shares. The dividends will be payable on April 13, 2023, to shareholders of record as of April 6, 2023.

Ingles operates 198 supermarkets across six southeastern states, headquartered in Asheville, North Carolina. The company also runs neighborhood shopping centers and owns a dairy facility, supplying products to its stores.

Positive

• Declared a cash dividend of $0.165 per share for Class A Common Stock and $0.15 for Class B, signifying profitability.
• Annual dividend rate of $0.66 and $0.60 per share, indicating strong financial health.

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 13, 2023, to all shareholders of record on April 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/20230327005284/en/

Ingles Markets, Inc.

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?

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

When is the dividend payable for IMKTA?

The dividend for IMKTA is payable on April 13, 2023.

What is the record date for the IMKTA dividend?

The record date for the IMKTA dividend is April 6, 2023.

What is the annual dividend rate for IMKTA?

The annual dividend rate for IMKTA is $0.66 per share for Class A and $0.60 per share for Class B.