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 August 30, 2021 to shareholders of record as of August 6, 2021. The company, based in Omaha, Nebraska, specializes in wholesale distribution of various consumer products including groceries, beverages, and health products, with distribution facilities in multiple states. Additionally, AMCON operates retail stores under the names Akin’s Natural Foods Market and Chamberlin's Market & Cafe.

Positive

• Declared a quarterly cash dividend of $0.18 per share.
• Demonstrates strong cash flow and commitment to shareholder returns.
• Operates in diverse sectors including health and beauty care, enhancing revenue streams.

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• None.

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 30, 2021 to shareholders of record as of August 6, 2021.

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/20210727006089/en/

FAQ

What is the dividend amount declared by AMCON for DIT?

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

When will the dividend for DIT be paid?

The dividend will be payable on August 30, 2021.

What is the record date for the dividend of AMCON DIT?

The record date for the dividend is August 6, 2021.

What type of company is AMCON Distributing?

AMCON Distributing is a wholesale distributor of consumer products and health retail stores.