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

AMCON Distributing Company (NYSEAMERICAN:DIT) declared a quarterly dividend on Tuesday, July 28th. Investors 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 0.6%. The ex-dividend date of this dividend is Friday, August 7th.

AMCON Distributing Price Performance

Shares of NYSEAMERICAN DIT opened at $81.61 on Wednesday. The stock’s 50-day moving average is $72.85 and its two-hundred day moving average is $77.79. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.17 and a quick ratio of 0.82. AMCON Distributing has a 1-year low of $59.15 and a 1-year high of $95.59. The company has a market cap of $79.98 million, a price-to-earnings ratio of 174.88 and a beta of -0.22.

About AMCON Distributing

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.