The Ashville, North Carolina-based supermarket chain Ingles Markets, which has operations in six southeastern states, has declared a cash dividend of US$0.165 per share on all its Class A Common Stock and US$0.15 per share on all its Class B Common Stock.

Its board of directors announced that is an annual rate of US$0.66 and US$0.60 per share, respectively.

Dividends on both the Class A and Class B Common Stock are payable 9 October 2002, to all shareholders of record on 1 October 2002.