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

AMCON Distributing (NYSEAMERICAN:DIT) announced a quarterly dividend on Tuesday, July 23rd, Wall Street Journal reports. Stockholders of record on Friday, August 2nd will be paid a dividend of 0.18 per share on Monday, August 12th. This represents a $0.72 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Friday, August 2nd.

AMCON Distributing Trading Up 3.3 %

Shares of DIT stock traded up $5.00 during trading hours on Wednesday, hitting $155.99. The stock had a trading volume of 856 shares, compared to its average volume of 313. AMCON Distributing has a one year low of $119.34 and a one year high of $249.99. The company has a current ratio of 3.05, a quick ratio of 1.15 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $98.27 million, a price-to-earnings ratio of 11.02 and a beta of 0.56.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on AMCON Distributing in a research note on Saturday. They set 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.