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

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced a quarterly dividend on Monday, December 30th,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 yield of 1.04%. The ex-dividend date is Friday, January 10th.

Ingles Markets Stock Performance

Ingles Markets stock opened at $63.35 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.20 billion, a PE ratio of 7.54 and a beta of 0.76. Ingles Markets has a 12-month low of $59.73 and a 12-month high of $88.78. The business’s 50-day moving average price is $68.81 and its two-hundred day moving average price is $70.17.

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

Analysts Set New Price Targets

Separately, StockNews.com upgraded Ingles Markets from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

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.