Continued Investor Value: Ingles Markets Maintains Dividends as Earnings Expand
Portfolio Pulse from Benzinga Insights
Ingles Markets (NASDAQ:IMKTA) will distribute a dividend payout of $0.17 per share on July 13, 2023, equating to an annualized dividend yield of 0.79%. The company has maintained a steady dividend per share of $0.66 from 2019 to 2022, indicating its commitment to providing stability to shareholders. Additionally, Ingles Markets has seen an increase in their earnings from $4.03 per share to $14.35 per share from 2019 to 2022, suggesting potential for increased cash dividend payouts if the trend continues.
July 13, 2023 | 3:05 pm
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POSITIVE IMPACT
Ingles Markets is set to distribute a dividend of $0.17 per share, with a steady dividend history and increasing earnings. This suggests potential for future dividend growth.
Ingles Markets has demonstrated a commitment to shareholder returns through consistent dividends. The company's increasing earnings suggest it has the financial health to potentially increase these dividends in the future, which could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Village Super Market has the highest annualized dividend yield in its industry at 4.35%, compared to Ingles Markets' yield of 0.79%.
Village Super Market's high dividend yield compared to its industry peers, including Ingles Markets, could make it an attractive option for income-seeking investors. However, this news does not directly impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50