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

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced a quarterly dividend on Monday, June 29th. Investors of record on Thursday, July 9th will be given a dividend of 0.165 per share on Thursday, July 16th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th.

Ingles Markets Trading Down 1.1%

IMKTA traded down $1.02 during trading on Monday, hitting $88.37. The company’s stock had a trading volume of 133,245 shares, compared to its average volume of 141,523. Ingles Markets has a twelve month low of $59.27 and a twelve month high of $95.62. The company has a quick ratio of 1.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $88.78 and its 200-day moving average price is $83.34. The firm has a market capitalization of $1.68 billion, a P/E ratio of 16.10 and a beta of 0.60.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.28 EPS for the quarter. The company had revenue of $1.31 billion during the quarter. Ingles Markets had a net margin of 1.93% and a return on equity of 6.41%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IMKTA. Weiss Ratings upgraded shares of Ingles Markets from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Ingles Markets Company Profile

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.