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ASHEVILLE, N.C. - Ingles Markets, Incorporated (NASDAQ:IMKTA), a southeastern grocery chain with a market capitalization of $1.19 billion, announced Monday that its Board of Directors has declared a cash dividend for shareholders of both its Class A and Class B Common Stock.
The southeastern grocery chain will pay $0.165 per share on Class A Common Stock and $0.15 per share on Class B Common Stock, representing annual rates of $0.66 and $0.60 per share, respectively.
The dividends will be payable July 17, 2025, to shareholders of record as of July 10, 2025, according to a company press release.
Ingles Markets operates 197 supermarkets across six southeastern states and is headquartered in Asheville, North Carolina. The company also manages neighborhood shopping centers, most containing Ingles supermarkets, and owns a fluid dairy facility that supplies both its own stores and outside customers. With annual revenues of $5.41 billion and a strong current ratio of 3.19, InvestingPro analysis suggests the stock is currently trading below its Fair Value. InvestingPro subscribers have access to 6 additional key insights about IMKTA’s financial health and growth prospects.
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