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

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced a quarterly dividend on Monday, December 29th. Stockholders of record on Thursday, January 8th will be paid a dividend of 0.165 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, January 8th.

Ingles Markets Trading Down 0.8%

Shares of NASDAQ IMKTA opened at $69.67 on Tuesday. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 15.83 and a beta of 0.76. The business has a 50 day simple moving average of $73.03 and a 200 day simple moving average of $69.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.63 and a current ratio of 3.22. Ingles Markets has a 52 week low of $58.92 and a 52 week high of $78.59.

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.