US retailer Ingles Markets has declared a quarterly dividend on its class A and B common shares of US$0.66 and $0.60 per share, respectively.

The quarterly dividend is payable on 22 July to shareowners of record at the close of business on 8 July 2010.

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In April, Ingles Markets booked a drop in half-year profits hit by costs associated with the firm’s store development activity.

For the six months ended 27 March, net income totalled US$11.6m compared with $18.9m in the prior year.

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