Ingles Markets stock dividend – Ingles Markets Declare Quarterly Dividend for Class A and B Shares
December 29, 2022
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Ingles Markets ($NASDAQ:IMKTA) is a leading grocery chain in the United States. Recently, Ingles Markets has announced a quarterly dividend of $0. 15 per share for all its Class B shares, in keeping with the previous dividend. The decision to continue paying dividends is a reflection of the company’s commitment to its shareholders and a testament to its financial stability. Ingles Markets has reported strong financial results in the past year and has seen an increase in its profits.
This dividend is a further demonstration of the company’s dedication to rewarding its investors for their trust and loyalty. Ingles Markets is confident that it can continue to provide consistent returns to shareholders in the future. It is also committed to continuing its efforts to deliver high-quality products and services to its customers. As one of the leading grocery chains in the United States, Ingles Markets will continue to strive for excellence and maintain its position as an industry leader.
Dividends – Ingles Markets stock dividend
The dividend declared per share was 0.66 USD for the fourth quarter of its fiscal year 2022, ending on September 30 2022. This is consistent with the dividend yields of 0.66 USD and 0.66 USD declared in the two preceding years respectively. The dividend yields for 2022 to 2022 are 0.79%, 0.79%, 0.79%, and the three-year average dividend yield is 0.79%. The company has adopted a policy of paying consistent dividends over the years, and this is a clear indication of its commitment to shareholders. The dividend declared is also a reflection of the company’s strong financial health, as it has been able to generate sufficient profits to pay out dividends despite the economic impact of the pandemic.
It is also a reflection of the company’s commitment to providing steady returns to shareholders, even in times of economic uncertainty. It is known for its wide variety of products, competitive pricing, and customer service initiatives. The company has been able to maintain its position as one of the leading grocery store chains in the region, and its quarterly dividend is a testament to its success. The consistent dividends and three-year average dividend yield of 0.79% are sure to attract more investors and help to further increase the company’s stock price.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ingles Markets. More…
| Total Revenues | Net Income | Net Margin |
| 5.68k | 272.76 | 4.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ingles Markets. More…
| Operations | Investing | Financing |
| 339.5 | -111.99 | -30.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ingles Markets. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.3k | 1.04k | 66.31 |
Key Ratios Snapshot
Some of the financial key ratios for Ingles Markets are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | 36.4% | 6.7% |
| FCF Margin | ROE | ROA |
| 3.9% | 19.5% | 10.4% |
Market Price
Ingles Markets’ stock opened at $99.4 on Tuesday and closed at $97.4, down 1.8% from the previous closing price of $99.2. This decrease could be attributed to the company’s decision to declare a dividend, as investors tend to sell off shares when a dividend is declared in order to lock in their profits. The dividend declaration comes as good news for long-term investors in Ingles Markets, who will now receive an additional income stream from the company.
The dividend also serves as a signal to investors that the company is financially stable and is confident in its ability to pay out dividends in the future. Shareholders can look forward to receiving additional income over the coming months, while those who are looking to invest in Ingles Markets may feel more confident that their investment is secure. Live Quote…
VI Analysis
INGLES MARKETS’ long term potential can be evaluated by analyzing its financial and business fundamentals. According to the VI Risk Rating, INGLES MARKETS is a low risk investment. This means that the company has a manageable level of risk in terms of its income sheet, balance sheet, and other financial parameters. The VI App has detected two risk warnings related to INGLES MARKETS. It is recommended to register on the app to review them in detail. In general, these warnings are related to the company’s financial health and the market conditions under which it operates. Overall, INGLES MARKETS appears to be a low risk investment with a good long term potential. This can be seen in the company’s financials, which show a manageable level of risk and steady growth. Additionally, there are two risk warnings that are detected by the VI App, which should be reviewed in detail by registering on the app. More…
VI Peers
The grocery store industry is highly competitive. Ingles Markets Inc competes against PesoRama Inc, Halows Co Ltd, and X5 Retail Group NV. All of these companies are striving to be the best in the industry and offer the best products and services to their customers.
– PesoRama Inc ($TSXV:PESO)
PesoRama Inc is a publicly traded company with a market cap of 10.57M as of 2022. The company has a Return on Equity of -102.32%. PesoRama Inc is a provider of financial services. The company offers a variety of services including peso-denominated accounts, money transfers, foreign exchange, and credit products.
– Halows Co Ltd ($TSE:2742)
As of 2022, Halows Co Ltd has a market cap of 62.57B and a Return on Equity of 11.12%. The company is engaged in the business of providing software and services to the financial industry. Halows Co Ltd has a strong presence in the US, UK, Canada, and Australia. The company has a diversified product portfolio and a strong customer base.
Summary
Ingles Markets, Inc. has declared a quarterly dividend for both its Class A and B shares. Investors should note that the company has consistently increased its dividend payments over the past 3 years and has a strong overall dividend history. Ingles Markets’ stock performance has been solid in recent years, providing investors with returns that have outperformed the broader market indices. The company’s fundamentals remain strong, with strong cash flow and solid margins.
Ingles Markets has a well-regarded management team and a diverse portfolio of stores and products across the Southeast United States. Overall, Ingles Markets is a reliable company for investors looking for a steady dividend-paying stock.
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