AMCON Distributing Company Announces $5.00 Special Dividend

Rhea-AI Summary

AMCON Distributing Company (NYSE American: DIT) announced a special cash dividend of $5.00 per common share. This dividend will be payable on January 13, 2023, to shareholders of record as of January 3, 2023. AMCON is a leading distributor of consumer products, operating in several states and also running a chain of health and natural product retail stores through its subsidiary, Healthy Edge Retail Group. The company emphasizes its commitment to meeting future capital needs and warns about potential risks affecting its financial performance.

Positive

• Declaration of a special cash dividend of $5.00 per share, enhancing shareholder value.
• Payment date of January 13, 2023 demonstrates company confidence in cash flow.

Negative

• Potential risks highlighted regarding availability of sufficient cash resources.
• Forward-looking statements caution against relying on past performance for 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 special cash dividend of $5.00 per common share. This cash dividend is payable on January 13, 2023 to shareholders of record as of January 3, 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 with distribution centers in Illinois, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia (operated by its Team Sledd, LLC subsidiary). 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/20221222005494/en/

Charles J. Schmaderer

AMCON Distributing Company

Ph 402-331-3727

Source: AMCON Distributing Company

FAQ

What is the dividend amount announced by AMCON Distributing Company?

AMCON Distributing Company announced a special cash dividend of $5.00 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on January 13, 2023.

What is the record date for the dividend payment from AMCON?

The record date for the dividend payment is January 3, 2023.

What risks did AMCON Distributing Company mention regarding its future performance?

AMCON mentioned potential risks related to the availability of sufficient cash resources and other uncertainties.