Ingles Markets Hits Milestone with Recent Dividend Announcement
Ingles Markets, Incorporated Announces Cash Dividend
Ingles Markets, Incorporated (NASDAQ: IMKTA) has made a notable announcement regarding its dividends. The Board of Directors has declared a cash dividend of $0.165, which is equivalent to sixteen and one-half cents per share for all Class A Common Stock, and $0.15, or fifteen cents per share, for all Class B Common Stock. This decision translates into an annual dividend rate of $0.66 for Class A shares and $0.60 for Class B shares. Shareholders can expect these dividends to be paid on October 16, 2025, to those recorded by October 9, 2025.
Company Overview and Operations
The Leading Grocer in the Southeast
Ingles Markets, Incorporated is recognized as a prominent grocery chain that operates across six southeastern states. Headquartered in Asheville, North Carolina, the company manages a total of 197 supermarkets. These stores are not just locations for groceries but also serve as community hubs for various shopping needs.
Recent Store Developments
As of September 29, 2025, Ingles faced challenges due to Hurricane Helene, which temporarily affected the operations of three out of four of its stores. However, the company is optimistic about reopening these locations at varying times by late 2025 or into 2026. This adaptability illustrates Ingles Markets' commitment to its customers even in difficult situations.
Additional Business Ventures
Beyond grocery operations, Ingles Markets also runs several neighborhood shopping centers, most of which include an Ingles supermarket. This broader scope of operations allows the company to better serve its local communities by providing essential goods and services in accessible locations.
Dairy Supply Chain
Commitment to Quality
Ingles Markets doesn't stop at just groceries; the company owns a fluid dairy facility that supplies their supermarkets along with external customers. This integrated supply chain not only enhances quality control but also strengthens their operational efficiency, ensuring fresh products for their loyal customers.
Future Prospects
Looking ahead, Ingles Markets aims to engage more with their customer base and adapt to changing consumer needs. Their commitment to quality service and a diverse shopping experience places them in a strong position within the competitive grocery market.
Company Contact Information
For more information, interested parties can reach out to:
Ingles Markets, Inc.
Pat Jackson, Chief Financial Officer
pjackson@ingles-markets.com
(828) 669-2941 (Ext. 223)
Frequently Asked Questions
What is the recent dividend declared by Ingles Markets?
The company has declared a dividend of $0.165 for Class A and $0.15 for Class B shares.
When will the dividends be paid?
Dividends are set to be paid on October 16, 2025, to shareholders recorded by October 9, 2025.
How many supermarkets does Ingles operate?
Ingles Markets operates a total of 197 supermarkets across six southeastern states.
What were the recent challenges faced by Ingles?
Three supermarkets were temporarily closed due to damage from Hurricane Helene, but they are expected to reopen in late 2025 or in 2026.
Does Ingles Markets have other operations besides supermarkets?
Yes, they also operate neighborhood shopping centers and a fluid dairy facility, enhancing their service offerings.
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