Ingles Markets, Incorporated Declares Quarterly Cash Dividend

Rhea-AI Summary

Ingles Markets, Incorporated (IMKTA) declares a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, payable on April 18, 2024. The annual rates are $0.66 and $0.60 per share, respectively. The company, based in Asheville, NC, operates 198 supermarkets across six states.

ASHEVILLE, N.C.--(BUSINESS WIRE)-- Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable April 18, 2024, to all shareholders of record on April 11, 2024.

Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 198 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Ingles supermarkets and unaffiliated customers. To learn more about Ingles Markets visit ingles-markets.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240401502134/en/

Ingles Markets, Inc.

Pat Jackson, Chief Financial Officer

pjackson@ingles-markets.com

(828) 669-2941 (Ext. 223)

Source: Ingles Markets, Incorporated

FAQ

What is the dividend per share declared by Ingles Markets, Incorporated?

Ingles Markets, Incorporated declared a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock.

When are the dividends payable for Ingles Markets, Incorporated?

The dividends on both Class A and Class B Common Stock are payable on April 18, 2024.

Where is Ingles Markets, Incorporated headquartered?

Ingles Markets, Incorporated is headquartered in Asheville, North Carolina.

How many supermarkets does Ingles Markets, Incorporated operate?

Ingles Markets, Incorporated operates 198 supermarkets across six southeastern states.

What other operations does Ingles Markets, Incorporated have besides supermarkets?

In addition to supermarkets, Ingles Markets, Incorporated operates neighborhood shopping centers, most of which contain an Ingles supermarket, and owns a fluid dairy facility supplying supermarkets and other customers.