Ingles Markets, Incorporated Declares Quarterly Cash Dividend

Rhea-AI Summary

Ingles Markets announced a quarterly cash dividend for its Class A and Class B Common Stock. Shareholders will receive $0.165 per share for Class A and $0.15 per share for Class B, translating to an annual rate of $0.66 and $0.60 respectively. The dividends are payable on July 18, 2024, to shareholders recorded by July 11, 2024. Ingles Markets operates 198 supermarkets across six southeastern states and owns a fluid dairy facility. This announcement highlights the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly dividend declared: $0.165 per share for Class A and $0.15 per share for Class B.
• Annual dividend rate of $0.66 for Class A and $0.60 for Class B.
• Dividends payable on July 18, 2024, indicating regular income for shareholders.

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 18, 2024, to all shareholders of record on July 11, 2024.

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/20240701558828/en/

Ingles Markets, Inc.

Pat Jackson, Chief Financial Officer

pjackson@ingles-markets.com

(828) 669-2941 (Ext. 223)

Source: Ingles Markets, Incorporated

FAQ

What dividend has Ingles Markets declared for Class A Common Stock?

Ingles Markets has declared a quarterly dividend of $0.165 per share for its Class A Common Stock.

What is the annual dividend rate for Ingles Markets Class B Common Stock?

The annual dividend rate for Ingles Markets Class B Common Stock is $0.60 per share.

When is the dividend payment date for Ingles Markets?

The dividend payment date for Ingles Markets is July 18, 2024.

When is the record date for Ingles Markets' dividend?

The record date for Ingles Markets' dividend is July 11, 2024.

How many supermarkets does Ingles Markets operate?

Ingles Markets operates 198 supermarkets across six southeastern states.