Ingles Markets declares quarterly dividend

Ingles Markets Inc's board of directors has declared a cash dividend of $0.165 per share on all its Class A common stock and $0.15 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 Oct 8, 2003, to all shareholders of record Sept 30, 2003.

Asheville NC-based Ingles is a supermarket chain with operations in six southeastern states. The company operates 198 supermarkets. In conjunction with its supermarket operations, the company also operates 76 neighborhood shopping centers, all but 18 of which contain an Ingles supermarket.

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