Ingles Markets declares cash dividends

ASHEVILLE, N.C. — The board of directors at Ingles Markets have declared cash dividends on all of its class A common stock and class B common stock.

A cash dividend of 16.5 cents was declared for the chain's class A common stock, while 15 cents per share was declared for its class B common stock. This is an annual rate of 66 cents and 60 cents per share, respectively.

Dividends on both the class A and class B common stock are payable July 19 to all shareholders of record on July 5.