AMCON Distributing Company Announces $0.18 Quarterly Dividend

Rhea-AI Summary

AMCON Distributing Company (NYSE American: DIT) declared a quarterly cash dividend of $0.18 per common share. The dividend is payable on February 16, 2023 to shareholders of record as of February 3, 2023. AMCON, based in Omaha, Nebraska, is a leading distributor servicing approximately 5,400 retail stores across multiple states, including Illinois, Missouri, and Tennessee. The company's offerings include beverages, groceries, and health products, with a focus on maintaining sufficient cash resources for operations and capital needs.

Positive

• Quarterly cash dividend of $0.18 per share supports shareholder income.
• Servicing approximately 5,400 retail stores indicates robust market presence.

Negative

• Potential risks regarding availability of sufficient cash resources for operations.

OMAHA, Neb.--(BUSINESS WIRE)-- AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based consumer products company is pleased to announce that the Board of Directors of AMCON declared a quarterly cash dividend of $0.18 per common share. This cash dividend is payable on February 16, 2023 to shareholders of record as of February 3, 2023.

AMCON is a leading convenience distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products servicing approximately 5,400 retail stores through distribution centers in Illinois, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. AMCON, through its Healthy Edge Retail Group, also operates nineteen (19) health and natural product retail stores in the Midwest and Florida.

This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation, availability of sufficient cash resources to conduct its business and meet its capital expenditures needs and the other factors described under Item 1.A. of the Company’s Annual Report on Form 10-K. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements.

Visit AMCON Distributing Company's web site at: www.amcon.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230125005875/en/

For Further Information Contact:

Charles J. Schmaderer

AMCON Distributing Company

Ph 402-331-3727

Source: AMCON Distributing Company

FAQ

What is the dividend amount declared by AMCON Distributing Company?

AMCON Distributing Company declared a dividend of $0.18 per common share.

When will the dividend be paid?

The dividend will be paid on February 16, 2023.

What is the record date for the dividend?

The record date for the dividend is February 3, 2023.

How many retail stores does AMCON service?

AMCON services approximately 5,400 retail stores.

What products does AMCON Distributing Company distribute?

AMCON distributes beverages, candy, tobacco, groceries, foodservice items, and health products.

What is AMCON's stock symbol?

AMCON Distributing Company trades under the stock symbol DIT.