Ingles Markets declares quarterly cash dividend

ASHEVILLE, N.C. — Ingles Markets announced that its board of directors has declared a quarterly cash dividend for both its Class A and Class B common stock.

The board declared a cash dividend of 16.5 cents per share on all of its Class A common stock and 15 cents per share on all of its Class B common stock. This is an annual rate of 66 cents and 60 cents per share, respectively, the company said.

The dividends are payable April 19 to all shareholders of record on April 5.