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

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced a quarterly dividend on Monday, December 29th. Stockholders of record on Thursday, January 8th will be paid a dividend of 0.165 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, January 8th.

Ingles Markets Price Performance

IMKTA stock opened at $69.54 on Tuesday. Ingles Markets has a 1 year low of $58.92 and a 1 year high of $78.59. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.22 and a quick ratio of 1.63. The business has a 50 day simple moving average of $73.03 and a 200-day simple moving average of $69.07. The firm has a market capitalization of $1.32 billion, a PE ratio of 15.80 and a beta of 0.76.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ingles Markets in a report on Monday, December 15th. Wall Street Zen upgraded Ingles Markets from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Ingles Markets Company Profile

Ingles Markets, Inc (NASDAQ: IMKTA) is a family‐owned regional supermarket chain headquartered in Asheville, North Carolina. Since its founding in 1963 by Robert P. Ingle Sr., the company has grown to serve communities across the southeastern United States, including North Carolina, South Carolina, Georgia, Tennessee, Virginia and Alabama. Ingles Markets operates a full-service grocery platform, delivering a broad assortment of fresh produce, meat and seafood, bakery items, deli offerings and dairy products alongside pantry staples and household essentials.

In addition to traditional grocery departments, Ingles Markets provides in-store pharmacy services and fuel centers at many of its locations.