Amcon Distributing Company (NASDAQ:DIT – Get Free Report) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.18 per share on Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a yield of 0.61%.
Amcon Distributing Trading Down 4.8 %
Shares of DIT traded down $6.00 during mid-day trading on Tuesday, reaching $119.00. The company’s stock had a trading volume of 43 shares, compared to its average volume of 255. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.91 and a current ratio of 3.23. Amcon Distributing has a 52 week low of $117.00 and a 52 week high of $205.00. The firm has a market cap of $77.35 million, a price-to-earnings ratio of 19.97 and a beta of 0.58.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Amcon Distributing in a report on Monday, January 13th. They set a “hold” rating for the company.
Amcon Distributing Company Profile
AMCON Distributing Co engages in the distribution of consumer products. It operates through the Wholesale Distribution (Wholesale) and Retail Health Food (Retail) segments. The Wholesale segment refers to the wholesale distribution of consumer products. The Retail segment focuses on the sale of health and natural food products.
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