AMCON Distributing Company Announces $0.18 Quarterly Dividend

Rhea-AI Summary

AMCON Distributing Company (NYSE American: DIT) has declared a quarterly cash dividend of $0.18 per common share, payable on June 1, 2021 to shareholders of record as of May 7, 2021. AMCON, a leading wholesale distributor of consumer products, operates in multiple states and runs retail stores including Akin’s Natural Foods Market and Chamberlin's Market & Cafe. The company emphasizes its commitment to maintaining sufficient cash resources for operations and capital expenditures amid potential economic uncertainties.

Positive

• Quarterly cash dividend of $0.18 per share declared, enhancing shareholder returns.

Negative

• Future financial performance is uncertain, influenced by cash resource availability.

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 June 1, 2021 to shareholders of record as of May 7, 2021.

AMCON is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and chilled 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/20210427006051/en/

FAQ

What is the dividend amount declared by AMCON for June 2021?

AMCON declared a dividend of $0.18 per common share.

When is the dividend payable to shareholders?

The dividend is payable on June 1, 2021.

What is the record date for the dividend?

The record date for the dividend is May 7, 2021.

How does AMCON ensure sustainability of its dividend payments?

AMCON focuses on maintaining sufficient cash resources to support its business operations and capital needs.