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Ingles Declares Quarterly Cash Dividend, Names New Board Member

ASHEVILLE, N.C. -- Ingles Markets, Inc. said Friday that its board of directors has declared a cash dividend of 16.5 cents per share on all of the company's 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. Dividends on both types of stock will be payable July 6 to all shareholders of record as of June 28.

Additionally, the regional grocer noted that its board has appointed Ingles' v.p./finance and c.f.o. Ronald B. Freeman, as a member. Freeman has been with the company since April 2005.

Ingles operates 195 supermarkets in six southeastern states. In conjunction with its supermarket operations, the company also runs 74 neighborhood shopping centers, 57 of which include an Ingles supermarket.
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