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

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Tuesday, December 31st,Wall Street Journal reports. Shareholders of record on Thursday, January 9th will be given a dividend of 0.165 per share on Thursday, January 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, January 9th.

Ingles Markets Stock Performance

Shares of IMKTA stock traded up $0.73 during mid-day trading on Tuesday, reaching $64.44. The stock had a trading volume of 114,125 shares, compared to its average volume of 104,483. Ingles Markets has a 1-year low of $59.73 and a 1-year high of $89.59. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 7.67 and a beta of 0.74. The company has a current ratio of 2.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $68.65 and its 200-day moving average is $70.35.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings data on Friday, December 27th. The company reported ($0.08) earnings per share for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Ingles Markets from a “hold” rating to a “buy” rating in a research report on Monday.

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.