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

AMCON Distributing (NYSEAMERICAN:DIT) declared a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Friday, May 3rd will be paid a dividend of 0.18 per share on Monday, May 13th. This represents a $0.72 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Thursday, May 2nd.

AMCON Distributing Price Performance

Shares of DIT opened at $156.82 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 2.50. AMCON Distributing has a 1-year low of $135.70 and a 1-year high of $249.99. The firm has a market cap of $98.80 million, a PE ratio of 11.17 and a beta of 0.50.

AMCON Distributing (NYSEAMERICAN:DIT) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.89 earnings per share for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%. The business had revenue of $601.88 million for the quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on DIT shares. TheStreet lowered shares of AMCON Distributing from a “b-” rating to a “c” rating in a research report on Thursday, January 18th. StockNews.com assumed coverage on shares of AMCON Distributing in a research note on Saturday. They issued a “hold” rating on the stock.

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.