Ingles Markets, Incorporated (NASDAQ:IMKTA) to Issue $0.17 Quarterly Dividend

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced 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 yield of 0.7%. The ex-dividend date is Thursday, July 9th.

Ingles Markets Stock Down 1.1%

NASDAQ IMKTA traded down $1.02 on Monday, reaching $88.37. The company had a trading volume of 133,245 shares, compared to its average volume of 141,523. The stock has a market capitalization of $1.68 billion, a P/E ratio of 16.10 and a beta of 0.60. The company’s fifty day moving average is $88.78 and its 200 day moving average is $83.34. Ingles Markets has a 52-week low of $59.27 and a 52-week high of $95.62. The company has a quick ratio of 1.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.29.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter. The business had revenue of $1.31 billion for the quarter. Ingles Markets had a return on equity of 6.41% and a net margin of 1.93%.

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.