Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock to Pay Quarterly Dividend of $0.17

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced a quarterly dividend on Monday, September 28th. Investors of record on Thursday, October 8th will be paid a dividend of $0.1650 per share on Thursday, October 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, October 8th.

Ingles Markets Stock Performance

NASDAQ IMKTA opened at $85.09 on Tuesday. The company’s 50 day moving average is $85.26 and its 200-day moving average is $87.78. The company has a quick ratio of 1.75, a current ratio of 3.21 and a debt-to-equity ratio of 0.29. Ingles Markets has a 12-month low of $67.11 and a 12-month high of $95.62. The firm has a market cap of $1.62 billion, a P/E ratio of 15.56 and a beta of 0.57.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.36 EPS for the quarter. Ingles Markets had a return on equity of 6.30% and a net margin of 1.92%.The firm had revenue of $1.37 billion during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IMKTA. Versant Capital Management Inc grew its holdings in Ingles Markets by 1,021.4% in the 2nd quarter. Versant Capital Management Inc now owns 314 shares of the company’s stock worth $28,000 after acquiring an additional 286 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Ingles Markets in the second quarter worth $35,000. Global Trust Asset Management LLC bought a new stake in shares of Ingles Markets during the 1st quarter valued at about $38,000. Huntington National Bank boosted its position in Ingles Markets by 63.1% during the 4th quarter. Huntington National Bank now owns 778 shares of the company’s stock valued at $53,000 after acquiring an additional 301 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in shares of Ingles Markets during the first quarter valued at approximately $121,000. Institutional investors own 62.54% of the company’s stock.

About Ingles Markets

Ingles Markets, Inc operates a regional chain of supermarkets serving communities across the southeastern United States. The company’s stores offer a broad selection of groceries, including fresh produce, meat and seafood, dairy products, bakery items, deli foods, frozen products, packaged goods and beverages.

Many Ingles locations also provide additional services such as in-store pharmacies, fuel centers and prepared-food offerings. The company operates a distribution center and a dairy-processing facility, supporting the supply and distribution of products sold through its supermarkets.