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 for Class A Common Stock and $0.15 per share for Class B Common Stock. This translates to an annual rate of $0.66 for Class A and $0.60 for Class B. The dividends are payable on October 13, 2022, to shareholders of record as of October 6, 2022. The company operates 198 supermarkets across six southeastern states and also manages neighborhood shopping centers and a fluid dairy facility.

Positive

• Declared a 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.
• Dividends reflect company confidence in financial stability.

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 October 13, 2022, to all shareholders of record on October 6, 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/20220926005053/en/

Ingles Markets, Inc.

Pat Jackson, Chief Financial Officer

pjackson@ingles-markets.com

(828) 669-2941 (Ext. 223)

Source: Ingles Markets, Incorporated

FAQ

When is the next dividend payment for IMKTA?

The next dividend payment for IMKTA is scheduled for October 13, 2022.

What is the dividend amount for IMKTA?

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

What is the record date for the IMKTA dividend?

The record date for the IMKTA dividend is October 6, 2022.

How often does IMKTA pay dividends?

Ingles Markets typically pays dividends quarterly.

Are the dividends from IMKTA sustainable?

The sustainability of dividends generally depends on the company's financial performance and cash reserves.