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 December 30, 2021, to shareholders of record as of December 23, 2021. AMCON is a leading wholesale distributor of consumer products with distribution facilities in several states, including Illinois, Missouri, Nebraska, North Dakota, South Dakota, and Tennessee. The company also operates 20 health and natural product retail stores in the Midwest and Florida.

Positive

• Declaration of a special cash dividend of $5.00 per share.
• Dividend payment date set for December 30, 2021.

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• None.

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 December 30, 2021 to shareholders of record as of December 23, 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/20211210005469/en/

Christopher H. Atayan

AMCON Distributing Company

Ph 402-331-3727

Source: AMCON Distributing Company

FAQ

What is the amount of the special dividend declared by AMCON (DIT)?

The special dividend declared by AMCON is $5.00 per common share.

When will the dividend be paid to shareholders of AMCON (DIT)?

The dividend will be paid on December 30, 2021.

What is the record date for AMCON's (DIT) dividend payment?

The record date for AMCON's dividend payment is December 23, 2021.

How many retail stores does AMCON (DIT) operate?

AMCON operates 20 health and natural product retail stores.

Where are AMCON's (DIT) distribution facilities located?

AMCON has distribution facilities in Illinois, Missouri, Nebraska, North Dakota, South Dakota, and Tennessee.