AMCON Distributing (DIT) Stock

OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based Convenience and Foodservice Distributor, is pleased to announce that the Board of Directors of AMCON declared a special cash dividend of $0.28 per common share. This cash dividend is payable on January 31, 2025 to shareholders of record as of December 30, 2024. AMCON, and its subsidiaries Team Sledd, LLC and Henry's Foods, Inc., is a leading Convenience and Foodservice Distributor o.

OMAHA, Neb.--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (NYSE American: DIT), an Omaha, Nebraska-based consumer products company is pleased to announce the acquisition of Arrowrock Supply (“Arrowrock”) of Boise, Idaho from Davis-Jones Inc. “We are delighted to welcome the loyal Employees, Customers, and Vendors of Arrowrock to our AMCON Family,” said Christopher H. Atayan, AMCON's Chairman and Chief Executive Officer. “Our customer base in the Intermountain West of the United States.

DIT's EPS drops to $7.15 in fiscal 2024 despite revenues climbing to $2.7 billion, as increased SG&A expenses and interest costs weighed heavily on profitability.

AMCON's (DIT) fiscal Q3 earnings decline to $2.46 per share due to rising costs, but sales rise to $717.9 million, driven by strong demand in convenience and foodservice distribution.

Explore why Zacks has given AMCON a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Uncover insights into AMCON's strategic expansions, robust sales growth, and dividend policy while considering challenges like rising expenses and competitive pressures.