Ingles Markets, Incorporated (NASDAQ:IMKTA) Announces $0.17 Quarterly Dividend

Ingles Markets, Incorporated (NASDAQ:IMKTAGet Free Report) announced a quarterly dividend on Monday, December 29th. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Thursday, January 8th.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA opened at $69.67 on Tuesday. Ingles Markets has a twelve month low of $58.92 and a twelve month high of $78.59. The company has a current ratio of 3.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $73.03 and a two-hundred day moving average of $69.07. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.83 and a beta of 0.76.

Wall Street Analyst Weigh In

IMKTA has been the topic of several recent research reports. Wall Street Zen upgraded shares of Ingles Markets from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingles Markets in a research note on Monday, December 15th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Check Out Our Latest Report on Ingles Markets

Ingles Markets Company Profile

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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.

Further Reading

Dividend History for Ingles Markets (NASDAQ:IMKTA)

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