AMCON Distributing (DIT) to Issue Quarterly Dividend of $0.18 on May 13th

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

AMCON Distributing Stock Down 0.8 %

Shares of DIT stock traded down $1.23 on Thursday, reaching $159.77. The stock had a trading volume of 206 shares, compared to its average volume of 282. AMCON Distributing has a 12 month low of $135.70 and a 12 month high of $249.99. The stock has a market cap of $100.66 million, a price-to-earnings ratio of 11.37 and a beta of 0.50. 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 (NYSEAMERICAN:DIT) last announced its quarterly earnings results on Thursday, April 18th. The company reported $0.89 EPS for the quarter. AMCON Distributing had a net margin of 0.32% and a return on equity of 8.11%. The business had revenue of $601.88 million for the quarter.

Analysts Set New Price Targets

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