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

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Tuesday, April 1st, Wall Street Journal reports. Investors of record on Thursday, April 10th will be given a dividend of 0.165 per share on Thursday, April 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, April 10th.

Ingles Markets Trading Up 0.0 %

IMKTA stock opened at $65.15 on Wednesday. Ingles Markets has a 52-week low of $58.92 and a 52-week high of $82.01. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1.24 billion, a P/E ratio of 15.74 and a beta of 0.71. The company’s 50-day simple moving average is $63.91 and its 200-day simple moving average is $66.22.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Ingles Markets from a “buy” rating to a “hold” rating in a report on Monday, February 10th.

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.