AP NEWS

Ingles Markets, Incorporated Declares Quarterly Cash Dividend

October 1, 2018

ASHEVILLE, N.C.--(BUSINESS WIRE)--Oct 1, 2018--Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable October 18, 2018, to all shareholders of record on October 11, 2018.

About Ingles Markets, Incorporated

Ingles Markets, Incorporated is a leading supermarket chain with operations in six southeastern states. Headquartered in Asheville, North Carolina, the Company operates 201 supermarkets. In conjunction with its supermarket operations, the Company operates neighborhood shopping centers, most of which contain an Ingles supermarket. The Company also owns a fluid dairy facility that supplies Company supermarkets and unaffiliated customers. The Company’s Class A Common Stock is traded on The NASDAQ Stock Market’s Global Select Market under the symbol IMKTA. For more information, visit Ingles’ website at www.ingles-markets.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181001005274/en/

CONTACT: Ingles Markets, Incorporated

Ron Freeman, 828-669-2941 (Ext. 223)

Chief Financial Officer

KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA

INDUSTRY KEYWORD: RETAIL SUPERMARKET

SOURCE: Ingles Markets, Incorporated

Copyright Business Wire 2018.

PUB: 10/01/2018 11:00 AM/DISC: 10/01/2018 11:00 AM

http://www.businesswire.com/news/home/20181001005274/en

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