Ingles Markets, Incorporated Declares Quarterly Cash Dividend

Rhea-AI Summary

Ingles Markets, Incorporated (NASDAQ: IMKTA) has declared a cash dividend of $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, reflecting annual rates of $0.66 and $0.60, respectively. These dividends are payable on October 14, 2021, to shareholders of record as of October 7, 2021. The company operates 199 supermarkets across six southeastern states and also runs neighborhood shopping centers and a fluid dairy facility.

Positive

• Dividend declared: $0.165 for Class A, $0.15 for Class B.
• Annual dividend rates increased to $0.66 and $0.60 respectively.
• Strong operational presence with 199 supermarkets.

Negative

• None.

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 October 14, 2021, to all shareholders of record on October 7, 2021.

Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 199 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/20210927005002/en/

Ingles Markets, Inc.

Ron Freeman, Chief Financial Officer

rfreeman@ingles-markets.com

(828) 669-2941 (Ext. 223)

Source: Ingles Markets, Incorporated

FAQ

What is the dividend payout for Ingles Markets (IMKTA)?

Ingles Markets has declared a dividend of $0.165 for Class A and $0.15 for Class B shares.

When is the dividend payment date for IMKTA?

The dividend is payable on October 14, 2021.

What is the record date for IMKTA's dividend?

The record date for the dividend is October 7, 2021.

How much is the annual dividend for Class A and Class B shares of IMKTA?

The annual dividend for Class A is $0.66 and for Class B is $0.60.