Ingles Markets declares cash dividend
Feb 1, 2008 12:00 PM
Ingles Markets Inc. announced that its board of directors has declared a cash dividend of $0.165 (or 16½ cents) per share on all its Class A common stock and $0.15 per share on all its Class B common stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B common stock are payable Jan. 24, 2008, to all shareholders of record Jan. 14, 2008.
Headquartered in Asheville NC, Ingles operates 197 supermarkets. In conjunction with its supermarket operations, the company also operates 71 neighborhood shopping centers, all but 16 of which contain an Ingles supermarket.
