StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a research report released on Thursday morning. The brokerage issued a hold rating on the stock.
AMCON Distributing Price Performance
Shares of NYSEAMERICAN DIT opened at $135.00 on Thursday. AMCON Distributing has a 52-week low of $119.34 and a 52-week high of $209.50. The firm has a market cap of $85.05 million, a PE ratio of 13.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15.
AMCON Distributing Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.53%. AMCON Distributing’s dividend payout ratio is presently 7.18%.
Institutional Trading of AMCON Distributing
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.
Recommended Stories
- Five stocks we like better than AMCON Distributing
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- Options Trading – Understanding Strike Price
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Trading Stocks: RSI and Why it’s Useful
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
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.