Ingles Returns to NASDAQ Compliance, Declares Quarterly Dividend

ASHEVILLE, N.C. -- Ingles Markets, Inc. said yesterday that it has received notice that it's in compliance with the continued listing requirements of NASDAQ, and that its ticker symbol was restored to "IMKTA."

In addition, Ingles' board of directors declared a cash dividend of 16.5 cents per share on all its Class A common stock, and 15 cents per share on all its Class B common stock. This is an annual rate of 66 cents and 60 cents per share, respectively.

Dividends on both the Class A and Class B common stock are payable April 21, 2005 to all shareholders of record on April 11.

Ingles operate 195 supermarkets in six southeastern states. In conjunction with its supermarket operations, the company also operates 74 neighborhood shopping centers, all but 17 of which contain an Ingles supermarket.
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