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, payable on May 18, 2023, to shareholders of record as of May 5, 2023. The company operates as a leading convenience distributor of consumer products, serving approximately 6,800 retail stores across several states, including Illinois, Minnesota, and Nebraska. AMCON provides a wide range of products, from beverages to health and beauty supplies, enhancing its market presence through its Healthy Edge Retail Group, which runs 18 health and natural product retail stores in the Midwest and Florida.

This announcement reflects the company’s commitment to returning value to shareholders amid ongoing operations and market challenges.

Positive

• Declared a quarterly cash dividend of $0.18 per share.
• Enhances shareholder value with regular dividend payments.
• Strong market presence with 6,800 retail store connections.

Negative

• Risks associated with the availability of sufficient cash resources for business operations.
• Forward-looking statements may not guarantee future performance.

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 May 18, 2023 to shareholders of record as of May 5, 2023.

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 servicing approximately 6,800 retail stores through distribution centers in Illinois, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. AMCON, through its Healthy Edge Retail Group, also operates eighteen (18) 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/20230425005818/en/

Charles J. Schmaderer

AMCON Distributing Company

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 for AMCON Distributing Company?

The dividend is payable on May 18, 2023.

What is the record date for AMCON's dividend?

The record date for the dividend is May 5, 2023.

How many retail stores does AMCON Distributing Company service?

AMCON services approximately 6,800 retail stores.

What types of products does AMCON Distributing Company distribute?

AMCON distributes a variety of consumer products including beverages, groceries, and health care products.