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Ingles Markets declares quarterly dividend

BY Allison Cerra

ASHEVILLE, N.C. — The board of directors at regional supermarket chain Ingles Markets declared a cash dividend of 16.5 cents per share of Class A common stock and 15 cents per share on all its Class B common stock.

This is an annual rate of 66 cents and 60 cents per share, respectively. Dividends on both the Class A and Class B common stock are payable April 21, to all shareholders of record on April 7.

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Costco head named one of the top CEOs by Barron’s

BY Alaric DeArment

NEW YORK — Costco Wholesale CEO Jim Sinegal has made the Barron’s magazine list of the top 30 CEOs.

Sinegal earned the 22nd spot on the list. The magazine pointed out his busy travel schedule, which takes him to most of Costco’s 582 stores every year, as well as a recent trip to Asia from which he arrived in Issaquah, Wash., at 8 a.m., showered and was in the office at 9 a.m.

The article can be accessed here.

Also on the list, at No. 28, was Abbott Labs CEO Miles White.

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Rite Aid targets allergy sufferers

BY Alaric DeArment

CAMP HILL, Pa. — In a sneeze heard around the world, allergy season is afoot, but the country’s retail pharmacies are on call to help the estimated 60 million Americans whose sneezing, coughing, watery eyes and congestion will drive them to wit’s end this year.

One of those is Rite Aid, whose pharmacists are distributing free “Allergy Relief” guides and helping patients control allergies with lifestyle changes and over-the-counter drugs. The company also is offering allergy advice and local pollen counts at RiteAid.com.

Pharmacists at Rite Aid stores offer personalized advice to help patients anticipate and prevent allergy outbreaks, such as advising them to take antihistamines or eye drops before mowing the lawn, while also showing them how to avoid potential drug interactions when they take allergy medications.

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