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

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Tuesday, December 31st,Wall Street Journal reports. Shareholders of record on Thursday, January 9th will be given a dividend of 0.165 per share on Thursday, January 16th. This represents a $0.66 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, January 9th.

Ingles Markets Stock Up 1.1 %

IMKTA opened at $64.44 on Thursday. The business’s fifty day simple moving average is $68.70 and its 200 day simple moving average is $70.28. Ingles Markets has a 52 week low of $59.73 and a 52 week high of $89.59. The firm has a market cap of $1.22 billion, a P/E ratio of 7.67 and a beta of 0.74. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings data on Friday, December 27th. The company reported ($0.08) earnings per share for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Ingles Markets from a “hold” rating to a “buy” rating in a report on Monday.

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.