AMCON Distributing (NYSEAMERICAN:DIT) to Issue $0.18 Quarterly Dividend

AMCON Distributing (NYSEAMERICAN:DIT) declared a quarterly dividend on Tuesday, July 23rd, Wall Street Journal reports. Stockholders of record on Friday, August 2nd will be paid a dividend of 0.18 per share on Monday, August 12th. This represents a $0.72 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, August 2nd.

AMCON Distributing Trading Up 3.3 %

Shares of AMCON Distributing stock traded up $5.00 on Wednesday, hitting $155.99. 856 shares of the company were exchanged, compared to its average volume of 313. The stock has a market cap of $98.27 million, a P/E ratio of 11.02 and a beta of 0.56. AMCON Distributing has a 1-year low of $119.34 and a 1-year high of $249.99. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15.

Analyst Ratings Changes

Separately, StockNews.com began coverage on AMCON Distributing in a report on Saturday. They set a “hold” rating on the stock.

AMCON Distributing Company Profile

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.