Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Monday, October 2nd, NASDAQ reports. Shareholders of record on Thursday, October 12th will be given a dividend of 0.165 per share on Thursday, October 19th. This represents a $0.66 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, October 11th.

Ingles Markets, (IMKTA) opened at 27.00 on Friday. Ingles Markets, has a 12-month low of $20.75 and a 12-month high of $52.40. The stock has a market capitalization of $546.99 million, a price-to-earnings ratio of 11.25 and a beta of 0.69. The firm has a 50-day moving average of $24.19 and a 200-day moving average of $33.74.

Ingles Markets, (NASDAQ:IMKTA) last released its earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter. Ingles Markets, had a return on equity of 10.08% and a net margin of 1.26%. The company had revenue of $984.40 million for the quarter. Equities research analysts forecast that Ingles Markets, will post $2.75 earnings per share for the current fiscal year.

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Several research firms have weighed in on IMKTA. TheStreet cut Ingles Markets, from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Zacks Investment Research raised Ingles Markets, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th.

In other Ingles Markets, news, Director Sharp Laura Ingle sold 5,000 shares of Ingles Markets, stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $24.97, for a total transaction of $124,850.00. Following the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $62,425. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 30.30% of the company’s stock.

Ingles Markets, Company Profile

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.

Dividend History for Ingles Markets, (NASDAQ:IMKTA)

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