AMCON Distributing Company Announces $0.18 Quarterly Dividend

Rhea-AI Summary

AMCON Distributing Company (DIT) announced a quarterly cash dividend of $0.18 per common share, payable on March 1, 2022 to shareholders on record as of February 4, 2022. The company, based in Omaha, Nebraska, is a leading wholesale distributor of various consumer products, including beverages, groceries, and health items, with operations across several states. AMCON also manages retail stores like Akin’s Natural Foods Market and Chamberlin's Market & Cafe.

Positive

• Quarterly cash dividend of $0.18 per share announced.
• Confident in distribution of consumer products across multiple states.

Negative

• Potential risks in future cash availability noted in forward-looking statements.

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 March 1, 2022 to shareholders of record as of February 4, 2022.

AMCON is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, and health and beauty care products with distribution facilities in Illinois, Missouri, Nebraska, North Dakota, South Dakota, and Tennessee. AMCON also operates twenty (20) health and natural product retail stores in the Midwest and Florida. The retail stores operate under the names Akin’s Natural Foods Market www.akins.com in its Midwest market, and Chamberlin's Market & Cafe www.chamberlins.com, and Earth Origins Market www.earthoriginsmarket.com in its Florida market.

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/20220125006038/en/

Christopher H. Atayan

AMCON Distributing Company

Ph 402-331-3727

Source: AMCON Distributing Company

FAQ

What is the dividend amount declared by AMCON Distributing Company (DIT)?

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

When is the dividend payment date for AMCON Distributing Company (DIT)?

The dividend is payable on March 1, 2022.

What is the record date for the dividend payment by AMCON Distributing Company (DIT)?

The record date for the dividend payment is February 4, 2022.

What consumer products does AMCON Distributing Company (DIT) distribute?

AMCON distributes beverages, candy, tobacco, groceries, frozen foods, and health and beauty care products.