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

AMCON Distributing (NYSEAMERICAN:DIT) announced a quarterly dividend on Tuesday, October 22nd, NASDAQ reports. Stockholders of record on Monday, November 4th will be paid 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 Price Performance

AMCON Distributing stock traded down $1.00 during trading on Wednesday, hitting $136.00. The stock had a trading volume of 92 shares, compared to its average volume of 288. AMCON Distributing has a 1 year low of $119.34 and a 1 year high of $209.50. The company has a market cap of $85.68 million, a price-to-earnings ratio of 13.56 and a beta of 0.51. The company has a current ratio of 3.05, a quick ratio of 1.15 and a debt-to-equity ratio of 1.59.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on AMCON Distributing in a research report on Friday, October 18th. 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.