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

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Tuesday, December 29th, Wall Street Journal reports. Stockholders of record on Thursday, January 7th will be paid a dividend of 0.165 per share on Thursday, January 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 6th.

Shares of Ingles Markets stock traded down $0.03 during trading on Tuesday, reaching $42.02. The company’s stock had a trading volume of 84,307 shares, compared to its average volume of 110,696. The company has a quick ratio of 0.56, a current ratio of 1.45 and a debt-to-equity ratio of 0.72. The company has a market cap of $851.33 million, a price-to-earnings ratio of 4.77 and a beta of 0.68. Ingles Markets has a 1-year low of $32.21 and a 1-year high of $49.14. The company has a 50-day simple moving average of $39.08 and a two-hundred day simple moving average of $39.49.

Separately, BidaskClub cut Ingles Markets from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th.

In other news, Director Sharp Laura Ingle sold 2,500 shares of the firm’s stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $42.27, for a total value of $105,675.00. Following the completion of the sale, the director now owns 30,000 shares of the company’s stock, valued at approximately $1,268,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.20% of the stock is owned by company insiders.

About Ingles Markets

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.

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Dividend History for Ingles Markets (NASDAQ:IMKTA)

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