(ASHEVILLE) -- Ingles Markets, Incorporated announced that its 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.

The dividend represents 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 April 21, 2011, to all shareholders of record on April 7, 2011.

The Asheville-based supermarket chain operates 203 stores in six state, including North Carolina.  The Company also operates 70 neighborhood shopping centers, all but 12 of which contain an Ingles supermarket.