Ingles Markets, the regional supermarket chain, announced a quarterly cash dividend of 16.5 cents per share on all of its Class A common stock and 15 cents per share on all of its Class B common stock, according to a press release Monday.

The cash dividend for both classes of shares will be payable to shareholders recorded by business close Oct. 8 and is payable on Oct. 15.

This news comes after Ingles posted a 12 percent jump in third-quarter net sales in August. Last week, the company announced that it would hand out cash bonuses to all employees to recognize their work during the COVID-19 pandemic.

The Asheville-based supermarket chain operates nearly 200 stores across Alabama, Georgia, North Carolina, South Carolina, Tennessee and Virginia.

Shares of Ingles Markets Inc. (IMKTA) were up 2 percent, to $37.25 Monday.