Ingles Markets, Incorporated (imkta) to Issue Quarterly Dividend of $0.17

Ingles Markets, Incorporated (NASDAQ:imkta) declared a quarterly dividend on Monday, March 27th. Stockholders of record on Thursday, April 6th will be paid a dividend of 0.165 per share on Thursday, April 13th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Tuesday, April 4th.

Ingles Markets, (NASDAQ:IMKTA) opened at 43.65 on Tuesday. The firm has a market cap of $884.31 million, a P/E ratio of 16.07 and a beta of 0.69. Ingles Markets, has a one year low of $33.50 and a one year high of $52.40. The stock has a 50 day moving average price of $45.44 and a 200-day moving average price of $44.50.

Dividend History for Ingles Markets, (NASDAQ:imkta)

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Separately, Zacks Investment Research cut Ingles Markets, from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 21st.

About Ingles Markets,

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.

5 Day Chart for NASDAQ:IMKTA

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