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. This equates to an annual rate of $0.66 for Class A and $0.60 for Class B shares. The dividends are scheduled for payment on April 15, 2021, to shareholders on record as of April 8, 2021.

The company, headquartered in Asheville, North Carolina, operates 198 supermarkets across six southeastern states.

Positive

• Dividend declaration of $0.165 and $0.15 per share demonstrates strong cash flow and shareholder returns.
• Annual dividend rates of $0.66 for Class A and $0.60 for Class B indicate a commitment to returning value to shareholders.

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 April 15, 2021, to all shareholders of record on April 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/20210329005059/en/

FAQ

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

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

When will the dividends be paid for Ingles Markets (IMKTA)?

Dividends are payable on April 15, 2021, to shareholders of record as of April 8, 2021.

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

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