Asheville, North Carolina-based Ingles Markets 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.

The supermarket group's board of directors announced that the dividends on both the Class A and Class B Common Stock are payable on 10 July 2002, to all shareholders on record on 1 July 2002.

The dividends reflect an annual rate of US$0.66 and US$0.60 per share on the Class A and Class B Common Stock, respectively.