AMCON Distributing Company (NYSEAMERICAN:DIT) Shareholders to Get $0.12 Quarterly Dividend

AMCON Distributing Company (NYSEAMERICAN:DIT) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be given a dividend of $0.12 per share on Friday, November 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, November 6th.

AMCON Distributing Stock Down 3.2%

AMCON Distributing stock opened at $62.50 on Wednesday. AMCON Distributing has a one year low of $59.15 and a one year high of $95.59. The business has a fifty day moving average price of $65.41 and a 200-day moving average price of $73.97.

AMCON Distributing (NYSEAMERICAN:DIT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.85 earnings per share (EPS) for the quarter. The company had revenue of $835.34 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its holdings in AMCON Distributing by 59.2% during the 1st quarter. Empowered Funds LLC now owns 4,789 shares of the company’s stock valued at $426,000 after buying an additional 1,781 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of AMCON Distributing by 50.0% in the first quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock worth $1,260,000 after buying an additional 4,666 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of AMCON Distributing by 49.0% in the first quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after buying an additional 10,393 shares in the last quarter. Hedge funds and other institutional investors own 11.14% of the company’s stock.

About AMCON Distributing

AMCON Distributing Corp. is a wholesale distributor of consumer products serving convenience stores, tobacco retailers, supermarkets, gas stations, restaurants and other businesses. The company distributes a broad range of products, including cigarettes and other tobacco products, cigars, electronic nicotine products, candy, snacks, beverages, groceries, frozen foods, health and beauty aids, paper products and general merchandise.

AMCON serves customers primarily across the central and western United States through its regional distribution operations.