Ingles Markets, Incorporated Declares Quarterly Cash Dividend

Rhea-AI Summary

Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 for Class A Common Stock and $0.15 for Class B Common Stock. This represents an annual rate of $0.66 and $0.60 per share, respectively. The dividends are payable on July 14, 2022, to shareholders of record on July 7, 2022.

The company operates 198 supermarkets across six southeastern states and also runs neighborhood shopping centers and a fluid dairy facility.

Positive

• Declaring a cash dividend of $0.165 per share for Class A and $0.15 for Class B shares demonstrates the company's commitment to returning value to shareholders.
• The annual dividend rate of $0.66 for Class A and $0.60 for Class B shares signals confidence in the company's financial stability and 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 July 14, 2022, to all shareholders of record on July 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/20220627005125/en/

Ingles Markets, Inc.

Pat Jackson, Chief Financial Officer

pjackson@ingles-markets.com

(828) 669-2941 (Ext. 223)

Source: Ingles Markets, Inc.

FAQ

What is the dividend amount declared by Ingles Markets (IMKTA)?

Ingles Markets has declared a cash 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 be paid to shareholders of Ingles Markets (IMKTA)?

The dividends will be payable on July 14, 2022, to all shareholders of record on July 7, 2022.

What is the annual dividend rate for Ingles Markets (IMKTA) Class A and Class B shares?

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