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

AMCON Distributing (NYSEAMERICAN:DIT) declared a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors 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 0.45%. The ex-dividend date is Thursday, May 2nd.

AMCON Distributing Stock Performance

DIT stock traded down $1.23 on Thursday, reaching $159.77. The company’s stock had a trading volume of 206 shares, compared to its average volume of 282. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.50 and a quick ratio of 1.02. The firm has a market capitalization of $100.66 million, a price-to-earnings ratio of 11.37 and a beta of 0.50. AMCON Distributing has a 52 week low of $135.70 and a 52 week high of $249.99.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIT. StockNews.com began coverage on AMCON Distributing in a research note on Sunday. They set a “hold” rating for the company. TheStreet lowered AMCON Distributing from a “b-” rating to a “c” rating in a report on Thursday, January 18th.

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.