AMCON Distributing Company (DIT) To Go Ex-Dividend on November 6th

AMCON Distributing Company (NYSEAMERICAN:DIT) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.12 per share on Friday, November 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 6th.

AMCON Distributing Price Performance

NYSEAMERICAN DIT opened at $60.56 on Thursday. The company has a 50 day simple moving average of $65.19 and a 200-day simple moving average of $73.92. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.75 and a quick ratio of 1.05. The firm has a market capitalization of $59.34 million, a price-to-earnings ratio of 31.93 and a beta of -0.23. AMCON Distributing has a 52-week low of $59.15 and a 52-week high of $95.59.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.85 EPS for the quarter. The firm had revenue of $835.34 million for the quarter. AMCON Distributing had a net margin of 0.06% and a return on equity of 1.58%.

Institutional Trading of AMCON Distributing

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of AMCON Distributing by 49.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after buying an additional 10,393 shares during the period. Renaissance Technologies LLC raised its holdings in AMCON Distributing by 50.0% in the 1st quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock worth $1,260,000 after acquiring an additional 4,666 shares during the period. Finally, Empowered Funds LLC lifted its position in AMCON Distributing by 59.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $426,000 after acquiring an additional 1,782 shares during the last quarter. 11.14% of the stock is currently owned by institutional investors and hedge funds.

About AMCON Distributing

AMCON Distributing Corp. is a wholesale distributor of consumer products serving convenience stores, tobacco retailers, supermarkets, gas stations, restaurants and other businesses. The company distributes a broad range of products, including cigarettes and other tobacco products, cigars, electronic nicotine products, candy, snacks, beverages, groceries, frozen foods, health and beauty aids, paper products and general merchandise.

AMCON serves customers primarily across the central and western United States through its regional distribution operations.