Ingles Markets, Incorporated (NASDAQ:IMKTA) to Issue 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 given a dividend of $0.1650 per share on Thursday, October 15th. This represents a $0.66 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, October 8th.

Ingles Markets Price Performance

Shares of IMKTA opened at $85.09 on Tuesday. The stock has a market cap of $1.62 billion, a PE ratio of 15.56 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.75 and a current ratio of 3.21. Ingles Markets has a fifty-two week low of $67.11 and a fifty-two week high of $95.62. The firm’s 50-day simple moving average is $85.26 and its two-hundred day simple moving average is $87.78.

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

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.