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Stable Payouts, Increasing Performance: Ingles Markets Supports Investors with Growing Earnings

Author: Benzinga Insights | October 19, 2023 11:05am

At the end of today, October 19, 2023, Ingles Markets (NASDAQ:IMKTA) will distribute a dividend payout of $0.17 per share, translating to an annualized dividend yield of 0.88%. Shareholders who held the stock before the ex-dividend date on October 11, 2023 will benefit from this payout.

Ingles Markets Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-10-11 4 $0.17 0.88% 2023-10-02 2023-10-12 2023-10-19
2023-07-05 4 $0.17 0.79% 2023-06-26 2023-07-06 2023-07-13
2023-04-05 4 $0.17 0.75% 2023-03-27 2023-04-06 2023-04-13
2023-01-05 4 $0.17 0.67% 2022-12-27 2023-01-06 2023-01-12
2022-10-05 4 $0.17 0.81% 2022-09-26 2022-10-06 2022-10-13
2022-07-06 4 $0.17 0.76% 2022-06-27 2022-07-07 2022-07-14
2022-04-06 4 $0.17 0.71% 2022-03-28 2022-04-07 2022-04-14
2022-01-05 4 $0.17 0.76% 2021-12-27 2022-01-06 2022-01-13
2021-10-06 4 $0.17 1.01% 2021-09-27 2021-10-07 2021-10-14
2021-07-07 4 $0.17 1.11% 2021-06-28 2021-07-08 2021-07-15
2021-04-07 4 $0.17 1.03% 2021-03-29 2021-04-08 2021-04-15
2021-01-06 4 $0.17 1.62% 2020-12-28 2021-01-07 2021-01-14

Ingles Markets's dividend yield falls in the middle range when compared to its industry peers, with Village Super Market (NASDAQ:VLGEA) having the highest annualized dividend yield at 4.18%.

Analyzing Ingles Markets Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

Investors witnessed a steady dividend per share of $0.66 from 2019 to 2022, indicating the company's commitment to providing stability to shareholders through a reliable dividend payout. This consistent dividend policy offers a dependable income source for investors.

YoY Earnings Growth For Ingles Markets

earning chart graph

The earnings chart illustrates an increase in Ingles Markets's earnings per share, from $4.03 in 2019 to $14.35 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.

Recap

In this article, we explore the recent dividend payout of Ingles Markets and its significance for shareholders. The company has decided to distribute a dividend of $0.17 per share today, which equates to an annualized dividend yield of 0.88%.

Ingles Markets's dividend yield falls in the middle range when compared to its industry peers, with Village Super Market having the highest annualized dividend yield at 4.18%.

Even though there has been no change in the dividend per share from 2019 to 2022, the rising earnings per share of Ingles Markets imply a solid financial footing, suggesting the company's ability to consistently reward shareholders with profit distributions.

To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.

\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: IMKTA VLGEA

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