Ingles Markets Incorporated(NASDAQ:IMKTA) Declares Dividend of $0.1650.

Ingles Markets Incorporated (NASDAQ:IMKTA) had declared a cash dividend of $0.1650 on Sep 26, 2016. The shares will quote ex-dividend on Oct 4, 2016 and the record date has been fixed for Oct 6, 2016. On Sep 26, 2016 share price, the yield comes out to be 1.7107%. The dividend payable date has been fixed on Oct 14, 2016.

Ingles Markets Incorporated (IMKTA) made into the market gainers list on Thursdays trading session with the shares advancing 0.76% or 0.29 points. Due to strong positive momentum, the stock ended at $38.47, which is also near the day’s high of $38.58. The stock began the session at $38.34 and the volume stood at 42,539 shares. The 52-week high of the shares is $57.68 and the 52 week low is $31.77. The company has a current market capitalization of $779 M and it has 2,02,59,776 shares in outstanding.

Ingles Markets Incorporated(IMKTA) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $957.18M. Analysts had an estimated revenue of $3.77B. Earnings per share were $0.63.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Sharp Laura Ingle (director) sold 5,000 shares at $38.52 per share price.Also, On Dec 18, 2015, Brenda S Tudor (director) purchased 100 shares at $45.22 per share price.On Feb 17, 2015, Robert P Ii Ingle (Chairman & CEO) sold 35,874 shares at $42.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Ingles Markets Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company operates 203 supermarkets including 73 in Georgia 70 in North Carolina 36 in South Carolina 21 in Tennessee two in Virginia and one in Alabama. The Company’s supermarkets are located in suburban areas small towns and neighborhood shopping centers. Ingles supermarkets offers customers a range of advertised food products including grocery meat and dairy products produce frozen foods and other perishables and non-food products. Non-food products include fuel centers pharmacies health and beauty care products and general merchandise. The Company also owns and operates a milk processing and packaging plant. The Company operates in retail grocery. The Company owns 154 of its supermarkets either in free-standing stores or as the anchor tenant in an owned shopping center. The Company also owns 19 undeveloped sites suitable for a free-standing store.

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