AMCON Distributing Company Announces $0.18 Quarterly Dividend

Rhea-AI Summary

AMCON Distributing Company (DIT) declared a quarterly cash dividend of $0.18 per common share. This dividend is payable on November 30, 2022, for shareholders of record as of November 7, 2022. Based in Omaha, Nebraska, AMCON is a significant distributor of consumer products, including beverages, groceries, and health care items, operating across several states. The company also runs a retail group with 19 health and natural product stores in the Midwest and Florida.

Positive

• Quarterly cash dividend of $0.18 declared, enhancing shareholder income.
• Demonstrates company confidence in financial stability.

Negative

• Forward-looking statements indicate uncertainties regarding future cash resources.
• Past financial performance may not reliably indicate future results.

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 November 30, 2022 to shareholders of record as of November 7, 2022.

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 with 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/20221025005913/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?

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

When is the dividend payment date for DIT?

The dividend is payable on November 30, 2022.

What is the record date for the dividend for AMCON Distributing Company?

The record date for the dividend is November 7, 2022.

How many retail stores does AMCON operate?

AMCON operates nineteen health and natural product retail stores.

What types of products does AMCON distribute?

AMCON distributes beverages, candy, tobacco, groceries, health care products, and more.