ASHEVILLE, N.C. - (October 5, 2007) - 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 25, 2007, to all shareholders of record on October 15, 2007.
Contact:
Pat Jackson, CPA, MAcc, CGMA
Chief Financial Officer
Ingles Markets, Inc.
828-669-2941 ext. 223
pjackson@ingles-markets.com
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