Ingles Markets, Incorporated (NASDAQ:IMKTA) Shareholders to Receive $0.17 Quarterly Dividend

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared 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 is Thursday, October 8th.

Ingles Markets Stock Performance

Ingles Markets stock opened at $85.09 on Tuesday. The firm has a fifty day simple moving average of $85.26 and a two-hundred day simple moving average of $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 twelve month low of $67.11 and a twelve month high of $95.62. The company has a market capitalization of $1.62 billion, a PE ratio of 15.56 and a beta of 0.57.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Ingles Markets from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.