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

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders 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 dividend yield of 0.97%. The ex-dividend date is Thursday, July 11th.

Ingles Markets Stock Performance

Ingles Markets stock opened at $68.31 on Wednesday. Ingles Markets has a twelve month low of $67.10 and a twelve month high of $89.59. The company has a quick ratio of 1.53, a current ratio of 3.20 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.37 and a beta of 0.66. The stock’s 50 day moving average is $71.55 and its 200 day moving average is $76.74.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings results on Thursday, May 9th. The company reported $1.68 earnings per share (EPS) for the quarter. The firm 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 Activity at Ingles Markets

In other Ingles Markets news, Director Sharp Laura Ingle sold 4,799 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $70.38, for a total transaction of $337,753.62. Following the sale, the director now directly owns 5,901 shares in the company, valued at approximately $415,312.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 16,700 shares of company stock valued at $1,160,640 over the last 90 days. Corporate 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.