AMCON Distributing Company (DIT) to Distribute Quarterly Dividend of $0.12 on August 28th

AMCON Distributing Company (NYSEAMERICAN:DIT) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 7th will be paid a dividend of 0.12 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 7th.

AMCON Distributing Trading Up 10.0%

Shares of NYSEAMERICAN:DIT opened at $68.86 on Wednesday. The firm has a fifty day moving average of $71.13 and a two-hundred day moving average of $77.52. The company has a quick ratio of 0.82, a current ratio of 2.17 and a debt-to-equity ratio of 1.29. AMCON Distributing has a 12-month low of $59.15 and a 12-month high of $95.59. The firm has a market capitalization of $67.48 million, a P/E ratio of 147.56 and a beta of -0.22.

Institutional Investors Weigh In On AMCON Distributing

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in shares of AMCON Distributing by 4.7% during the 4th quarter. Empowered Funds LLC now owns 3,008 shares of the company’s stock valued at $333,000 after purchasing an additional 136 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of AMCON Distributing by 1.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock worth $1,006,000 after buying an additional 136 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of AMCON Distributing by 50.0% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 valued at $2,842,000 after acquiring an additional 10,393 shares during the last quarter. 11.14% of the stock is owned by hedge funds and other institutional investors.

AMCON Distributing Company Profile

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.