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

AMCON Distributing (NYSEAMERICAN:DIT) declared a quarterly dividend on Tuesday, October 22nd, NASDAQ reports. Shareholders 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 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, November 4th.

AMCON Distributing Trading Up 4.1 %

DIT stock opened at $125.00 on Friday. AMCON Distributing has a 1-year low of $118.25 and a 1-year high of $209.50. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.15 and a current ratio of 3.05. The company has a market capitalization of $78.75 million, a PE ratio of 12.46 and a beta of 0.51.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on AMCON Distributing in a research note on Wednesday. They set a “hold” rating for the company.

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.