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

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced a quarterly dividend on Monday, March 31st, Wall Street Journal reports. Shareholders of record on Thursday, April 10th will be given a dividend of 0.165 per share on Thursday, April 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, April 10th.

Ingles Markets Trading Up 0.8 %

Shares of IMKTA stock traded up $0.49 on Wednesday, reaching $65.64. The company had a trading volume of 83,997 shares, compared to its average volume of 112,497. The company has a 50-day moving average of $63.91 and a 200-day moving average of $66.22. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1.25 billion, a PE ratio of 15.86 and a beta of 0.71. Ingles Markets has a 12 month low of $58.92 and a 12 month high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Ingles Markets from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

About Ingles Markets

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.