INGLES MARKETS, INCORPORATED DECLARES QUARTERLY CASH DIVIDEND

Dec 28, 2008 | 7:00 pm

ASHEVILLE, N.C. - (December 29, 2008) - 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 January 22, 2009, to all shareholders of record on January 8, 2009.