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

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Monday, September 30th, Zacks reports. Stockholders of record on Thursday, October 10th will be given a dividend of 0.165 per share on Thursday, October 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 10th.

Ingles Markets Stock Performance

Shares of NASDAQ IMKTA opened at $61.50 on Wednesday. The stock has a 50 day moving average price of $72.25 and a 200 day moving average price of $72.65. Ingles Markets has a 52 week low of $60.44 and a 52 week high of $89.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 2.99. The stock has a market capitalization of $1.17 billion, a PE ratio of 6.63 and a beta of 0.70.

Ingles Markets (NASDAQ:IMKTA) last issued its earnings results on Thursday, August 8th. The company reported $1.67 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%. The company had revenue of $1.39 billion for the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 21st.

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.