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

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Monday, September 30th, Zacks reports. Investors of record on Thursday, October 10th will be paid a dividend of 0.165 per share on Thursday, October 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th.

Ingles Markets Stock Performance

Shares of IMKTA opened at $69.31 on Wednesday. The company has a 50-day moving average of $73.87 and a two-hundred day moving average of $73.08. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 7.48 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. Ingles Markets has a one year low of $67.10 and a one year high of $89.59.

Ingles Markets (NASDAQ:IMKTA) last issued its earnings results on Thursday, August 8th. The company reported $1.67 EPS for the quarter. Ingles Markets had a return on equity of 10.58% and a net margin of 2.74%. The business had revenue of $1.39 billion during 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 report on Saturday, September 21st.

Ingles Markets Company Profile

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.