AMCON Distributing (DIT) to Release Earnings on Tuesday

AMCON Distributing (NYSEAMERICAN:DIT) is scheduled to announce its earnings results after the market closes on Tuesday, January 16th.

Shares of AMCON Distributing (NYSEAMERICAN DIT) opened at $86.30 on Friday. The stock has a market cap of $59.60, a price-to-earnings ratio of 20.21 and a beta of 0.29. AMCON Distributing has a twelve month low of $81.65 and a twelve month high of $119.10.

The company also recently declared a special dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, January 5th will be issued a $0.28 dividend. This represents a yield of 0.74%. The ex-dividend date is Thursday, January 4th. AMCON Distributing’s dividend payout ratio (DPR) is presently 16.86%.

AMCON Distributing announced that its Board of Directors has initiated a share repurchase program on Thursday, December 21st that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Separately, TheStreet raised shares of AMCON Distributing from a “c+” rating to a “b” rating in a report on Wednesday, December 27th.

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AMCON Distributing Company Profile

AMCON Distributing Company (AMCON) and its subsidiaries are engaged in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the United States. The Company has two segments: wholesale distribution segment (Wholesale segment) and retail health food segment (Retail Segment).

Earnings History for AMCON Distributing (NYSEAMERICAN:DIT)

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