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

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Monday, June 29th. Investors of record on Thursday, July 9th will be paid a dividend of 0.165 per share on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th.

Ingles Markets Price Performance

NASDAQ IMKTA opened at $88.37 on Tuesday. The business has a 50 day simple moving average of $88.76 and a 200 day simple moving average of $83.44. Ingles Markets has a 52-week low of $59.27 and a 52-week high of $95.62. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.77 and a current ratio of 3.34. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 16.10 and a beta of 0.60.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, May 7th. The company reported $1.28 EPS for the quarter. Ingles Markets had a net margin of 1.93% and a return on equity of 6.41%. The firm had revenue of $1.31 billion for the quarter.

About Ingles Markets

Ingles Markets, Inc (NASDAQ: IMKTA) is a family‐owned regional supermarket chain headquartered in Asheville, North Carolina. Since its founding in 1963 by Robert P. Ingle Sr., the company has grown to serve communities across the southeastern United States, including North Carolina, South Carolina, Georgia, Tennessee, Virginia and Alabama. Ingles Markets operates a full-service grocery platform, delivering a broad assortment of fresh produce, meat and seafood, bakery items, deli offerings and dairy products alongside pantry staples and household essentials.

In addition to traditional grocery departments, Ingles Markets provides in-store pharmacy services and fuel centers at many of its locations.