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

Key Points

• AMCON Distributing Company has declared a quarterly dividend of $0.18 per share, which will be payable on August 29th to investors of record as of August 8th.
• As of the latest trading session, AMCON's stock is down 2.7%, currently trading at $109.95, while it has a market cap of $71.47 million.
• Wall Street Zen has initiated coverage of AMCON Distributing with a "hold" rating on the stock.

AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report) declared a quarterly dividend on Tuesday, July 29th, RTT News reports. Investors of record on Friday, August 8th will be given a dividend of 0.18 per share on Friday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 0.65%.

AMCON Distributing Trading Down 2.7%

DIT traded down $3.05 during trading hours on Tuesday, reaching $109.95. The company's stock had a trading volume of 157 shares, compared to its average volume of 348. AMCON Distributing has a fifty-two week low of $94.92 and a fifty-two week high of $163.75. The stock has a market cap of $71.47 million, a PE ratio of 50.90 and a beta of 0.56. The business's 50-day moving average is $109.18 and its 200-day moving average is $113.62. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.74 and a quick ratio of 1.06.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on AMCON Distributing in a research note on Saturday, May 17th. They issued 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.

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