AMCON Distributing (NYSEAMERICAN:DIT) Declares $0.18 Quarterly Dividend

AMCON Distributing (NYSEAMERICAN:DITGet Rating) announced a quarterly dividend on Wednesday, April 27th, Wall Street Journal reports. Investors of record on Friday, May 6th will be paid a dividend of 0.18 per share on Tuesday, May 31st. This represents a $0.72 annualized dividend and a yield of 0.43%. The ex-dividend date is Thursday, May 5th.

AMCON Distributing has raised its dividend payment by an average of 78.8% annually over the last three years.

Shares of DIT opened at $165.95 on Thursday. AMCON Distributing has a fifty-two week low of $122.85 and a fifty-two week high of $270.00. The stock has a market capitalization of $97.08 million, a P/E ratio of 6.15 and a beta of 0.80. The company has a quick ratio of 0.95, a current ratio of 3.51 and a debt-to-equity ratio of 0.67.

Separately, TheStreet raised AMCON Distributing from a “c+” rating to a “b-” rating in a report on Tuesday, April 19th.

AMCON Distributing Company Profile (Get Rating)

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.

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Dividend History for AMCON Distributing (NYSEAMERICAN:DIT)

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