Ingles Markets, Incorporated (IMKTA) To Go Ex-Dividend on April 9th

Ingles Markets, Incorporated (NASDAQ:IMKTAGet Free Report) announced a quarterly dividend on Monday, March 30th. Stockholders of record on Thursday, April 9th will be paid a dividend of 0.165 per share on Thursday, April 16th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th.

Ingles Markets Stock Up 1.8%

IMKTA stock opened at $92.76 on Tuesday. The company has a market cap of $1.76 billion, a P/E ratio of 18.51 and a beta of 0.65. Ingles Markets has a 52 week low of $59.09 and a 52 week high of $92.79. The company’s 50-day moving average price is $85.41 and its 200 day moving average price is $76.68. The company has a current ratio of 3.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.30.

Ingles Markets (NASDAQ:IMKTAGet Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $1.48 EPS for the quarter. The firm had revenue of $1.37 billion for the quarter. Ingles Markets had a net margin of 1.76% and a return on equity of 5.93%.

Analyst Ratings Changes

A number of analysts recently commented on IMKTA shares. Wall Street Zen raised shares of Ingles Markets from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ingles Markets in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ingles Markets has an average rating of “Hold”.

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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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