Ingles Markets (NASDAQ:IMKTA) has declared a dividend, which will be paid on July 15, 2021 to shareholders of record on June 28, 2021. The dividend is payable to stockholders of Ingles Markets stock as of July 8, 2021. 1 business day(s) before the record date, the stock is slated to turn ex-dividend. The ex-dividend date for Ingles Markets is set on July 7, 2021. The current dividend distribution for the company is $0.17. At current prices, that translates to a dividend yield of 1.11 percent.
The ex-dividend date is the day on which a company’s stock stops trading with its current dividend distribution. Before the corporation declares a new dividend, there is a brief intermission period. The ex-dividend date of a company is usually one business day before the record date. When buying stocks, investors should keep this in mind because buying them on or after ex-dividend dates does not entitle them to the announced dividend. Dividends declared after the ex-dividend date are paid to shareholders who owned the shares before the ex-dividend date. On a quarterly basis, firms usually announce and execute new dividend yields.
Ingles Markets’ dividend payouts have been unchanged over the past year, while yields have fallen. The company’s payout was $0.17 last year on July 8, 2020, and it has since recovered to its current value. The dividend yield of Ingles Markets was 1.64 percent last year, but it has subsequently dropped by 0.53 percent. Dividend yields are used in a variety of ways by businesses. Some businesses may choose to reinvest their earnings instead of paying out dividends. To manage how their shares move across the stock market, other corporations may choose to boost or decrease their yield amounts.
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