AMCON Distributing (NYSEAMERICAN:DIT) Plans Special Dividend of $0.28

AMCON Distributing (NYSEAMERICAN:DIT) announced a special dividend on Thursday, December 19th,RTT News reports. Investors of record on Monday, December 30th will be given a dividend of 0.28 per share on Friday, January 31st.

AMCON Distributing Stock Performance

Shares of DIT traded up $7.03 on Thursday, hitting $137.03. 139 shares of the stock traded hands, compared to its average volume of 277. The company has a market capitalization of $89.07 million, a price-to-earnings ratio of 19.11 and a beta of 0.57. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.50.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of AMCON Distributing in a research note on Sunday. They set a “hold” rating for the company.

AMCON Distributing Company Profile

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.