AMCON Distributing Company (NYSEAMERICAN:DIT – Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be given a dividend of $0.12 per share on Friday, November 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, November 6th.
AMCON Distributing Price Performance
Shares of AMCON Distributing stock opened at $59.97 on Wednesday. The stock has a market cap of $58.77 million, a price-to-earnings ratio of 31.62 and a beta of -0.17. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.05 and a current ratio of 2.75. The stock has a 50 day moving average price of $64.64 and a 200-day moving average price of $73.70. AMCON Distributing has a one year low of $59.15 and a one year high of $95.59.
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.85 earnings per share for the quarter. The company had revenue of $835.34 million for the quarter. AMCON Distributing had a return on equity of 1.58% and a net margin of 0.06%.
Institutional Investors Weigh In On AMCON Distributing
Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in AMCON Distributing by 59.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $426,000 after purchasing an additional 1,782 shares during the last quarter. Renaissance Technologies LLC raised its position 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 purchasing an additional 4,666 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in AMCON Distributing by 49.0% in the first quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after purchasing an additional 10,393 shares during the last quarter. Institutional investors own 11.14% of the company’s stock.
AMCON Distributing Company Profile
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.
Further Reading
- Five stocks we like better than AMCON Distributing
- Shopify’s Small Q3 Miss Triggered a Big Sell-Off: What’s Next?
- Can Oil’s Big Rally Deliver Reliable Income? 3 Energy Plays to Watch
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
Receive News & Ratings for AMCON Distributing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMCON Distributing and related companies with MarketBeat.com's FREE daily email newsletter.
