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

AMCON Distributing (NYSEAMERICAN:DIT) announced 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 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Thursday, May 2nd.

AMCON Distributing Stock Down 0.8 %

Shares of DIT traded down $1.23 during trading hours on Thursday, hitting $159.77. 206 shares of the stock were exchanged, compared to its average volume of 282. 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 12-month low of $135.70 and a 12-month high of $249.99. The stock has a market capitalization of $100.66 million, a price-to-earnings ratio of 11.37 and a beta of 0.50.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on DIT shares. TheStreet lowered AMCON Distributing from a “b-” rating to a “c” rating in a research note on Thursday, January 18th. StockNews.com started coverage on AMCON Distributing in a research note 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.