Ingles Markets, Incorporated (NASDAQ:IMKTA) Declares Quarterly Dividend of $0.17

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Monday, March 31st, Wall Street Journal reports. Shareholders of record on Thursday, April 10th will be given a dividend of 0.165 per share on Thursday, April 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, April 10th.

Ingles Markets Stock Performance

Shares of IMKTA stock opened at $62.22 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. The company’s fifty day moving average price is $63.76 and its two-hundred day moving average price is $65.93. The firm has a market capitalization of $1.18 billion, a P/E ratio of 15.03 and a beta of 0.75. Ingles Markets has a 12 month low of $58.92 and a 12 month high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ingles Markets from a “buy” rating to a “hold” rating in a report on Monday, February 10th.

About Ingles Markets

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.