AMCON Distributing Company (DIT) To Go Ex-Dividend on August 7th

AMCON Distributing Company (NYSEAMERICAN:DIT) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be given a dividend of 0.12 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, August 7th.

AMCON Distributing Price Performance

DIT stock opened at $62.02 on Thursday. The firm’s 50-day moving average price is $72.43 and its two-hundred day moving average price is $77.73. AMCON Distributing has a 12-month low of $59.15 and a 12-month high of $95.59. The stock has a market capitalization of $60.78 million, a price-to-earnings ratio of 132.90 and a beta of -0.22. The company has a current ratio of 2.17, a quick ratio of 0.82 and a debt-to-equity ratio of 1.29.

Hedge Funds Weigh In On AMCON Distributing

Several hedge funds have recently made changes to their positions in DIT. Empowered Funds LLC lifted its stake in AMCON Distributing by 4.7% in the fourth quarter. Empowered Funds LLC now owns 3,008 shares of the company’s stock worth $333,000 after acquiring an additional 136 shares during the period. Bridgeway Capital Management LLC boosted its holdings in AMCON Distributing by 1.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock valued at $1,006,000 after acquiring an additional 136 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in AMCON Distributing by 50.0% in the first quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock valued at $1,260,000 after acquiring an additional 4,666 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in 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 purchasing an additional 10,393 shares during the period. 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.