AMCON Distributing Company Announces $0.18 Quarterly Dividend

Rhea-AI Summary

AMCON Distributing Company (NYSE American: DIT) announced a quarterly cash dividend of $0.18 per common share. This dividend will be payable on August 29, 2022, to shareholders of record as of August 5, 2022. Based in Omaha, Nebraska, AMCON is a major distributor of consumer products such as beverages, tobacco, and health goods, operating across several states including Illinois and Missouri. The company also runs retail stores under the Akin’s Natural Foods and Chamberlin's Natural Foods brands.

Positive

• Quarterly cash dividend of $0.18 per share signifies strong cash flow and shareholder return.

Negative

• Risks associated with cash resource availability for business operations and capital expenditures.

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 August 29, 2022 to shareholders of record as of August 5, 2022.

AMCON is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products with distribution locations in Illinois, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. AMCON, through its Health Edge Retail Group, also operates nineteen (19) health and natural product retail stores in the Midwest and Florida. The retail stores operate under the names Akin’s Natural Foods www.akins.com in its Midwest market, and Chamberlin's Natural Foods 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/20220726005766/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 dividend of $0.18 per common share.

When is the dividend payable?

The dividend is payable on August 29, 2022.

What is the record date for the dividend?

The record date for the dividend is August 5, 2022.

What products does AMCON Distributing Company distribute?

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

In how many states does AMCON operate?

AMCON operates in several states including Illinois, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia.