AMCON Distributing Company (NYSEAMERICAN:DIT) Announces $0.12 Quarterly Dividend

AMCON Distributing Company (NYSEAMERICAN:DIT) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be given a dividend of 0.12 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, August 7th.

AMCON Distributing Stock Up 8.1%

Shares of NYSEAMERICAN DIT opened at $70.25 on Wednesday. The company’s 50 day moving average price is $72.85 and its 200-day moving average price is $77.79. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.82 and a current ratio of 2.17. AMCON Distributing has a 52-week low of $59.15 and a 52-week high of $95.59. The company has a market capitalization of $68.85 million, a P/E ratio of 150.55 and a beta of -0.22.

AMCON Distributing Company Profile

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.