Ingles Markets, Incorporated (IMKTA) to Issue Quarterly Dividend of $0.17 on July 18th

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced a quarterly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Thursday, July 11th will be paid a dividend of 0.165 per share on Thursday, July 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, July 11th.

Ingles Markets Stock Down 0.0 %

Ingles Markets stock traded down $0.02 during midday trading on Wednesday, reaching $68.29. The stock had a trading volume of 1,551 shares, compared to its average volume of 84,220. Ingles Markets has a 12 month low of $67.10 and a 12 month high of $89.59. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.37 and a beta of 0.66. The company has a fifty day moving average price of $71.55 and a two-hundred day moving average price of $76.74. The company has a current ratio of 3.20, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings results on Thursday, May 9th. The company reported $1.68 earnings per share (EPS) for the quarter. The business had revenue of $1.37 billion during the quarter. Ingles Markets had a return on equity of 11.97% and a net margin of 3.00%.

Insider Transactions at Ingles Markets

In related news, Director Sharp Laura Ingle sold 5,901 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.02, for a total value of $401,386.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 16,700 shares of company stock worth $1,160,640 in the last 90 days. Insiders own 23.10% of the company’s stock.

About Ingles Markets

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.