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

AMCON Distributing (NYSEAMERICAN:DIT) announced a quarterly dividend on Tuesday, October 22nd, NASDAQ reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.18 per share on Wednesday, November 13th. This represents a $0.72 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, November 4th.

AMCON Distributing Stock Down 0.7 %

DIT traded down $1.00 during midday trading on Wednesday, hitting $136.00. The company’s stock had a trading volume of 92 shares, compared to its average volume of 288. AMCON Distributing has a 52-week low of $119.34 and a 52-week high of $209.50. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15. The stock has a market capitalization of $85.68 million, a price-to-earnings ratio of 13.57 and a beta of 0.51.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on AMCON Distributing in a research note on Friday, October 18th. They set a “hold” rating for the company.

About AMCON Distributing

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.