Ingles Markets Keeps Dividends Steady
Ingles Markets is continuing to load dividends into its shopping cart. The company has declared its latest Class A and B common stock distributions, which are to be $0.165 and $0.15 per share, respectively. The payment date is Oct. 24 for shareholders of record as of Oct. 10. Those amounts match the previous pair of payouts.
The Class A dividend has been a stalwart for the company. It has paid the same $0.165 for that class of security since December 1993.
The company also recently declared a special dividend of $0.66 per share on Class A stock and $0.60 per share for Class B. Both were paid in late December of last year.
The just-declared Class A dividend annualizes to $0.66 per share. That yields 2.3% at Ingles Markets' current stock price of $28.97.
The article Ingles Markets Keeps Dividends Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Ingles Markets. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.