AMCON Distributing pays $0.28 special dividend
Amcon Distributing Co (DIT), a company known for its stable dividend payouts, recently announced a special dividend of $0.28 per share, set to be paid to shareholders who hold the stock through the ex-dividend date of December 30, 2024.
This cash dividend is payable on January 31, 2025 to shareholders of record as of December 30, 2024. In addition to this special dividend, Amcon will continue its regular quarterly dividend of $0.18 per share.
The Dividend Breakdown
- Regular Quarterly Dividend: Amcon's regular quarterly dividend of $0.18 per share offers an annual yield of approximately 0.5% based on the current share price of $135.
- Special Dividend: The special dividend of $0.28 per share represents an additional payout, providing an extra yield of around 0.2% at the same stock price.
This special dividend is notable because it marks an additional reward for shareholders on top of the regular quarterly payout. For those who have held onto Amcon shares, this move further reinforces the company’s commitment to returning capital to its investors.
A Long History of Consistency
While the special dividend grabs attention, it’s worth noting that Amcon has maintained its regular quarterly dividend of $0.18 per share since 2009. This consistency shows the company’s solid financial foundation and dedication to its shareholders, even in the face of market fluctuations. Investors who have held the stock over the years have enjoyed a steady income stream, bolstered by these consistent payouts.
Why It Matters
Special dividends can often signal a company’s strong financial position, where it has extra cash to distribute to shareholders. In Amcon’s case, the decision to pay out this special dividend could be seen as a gesture of confidence in its ongoing performance and ability to generate cash.
While the regular dividend yield of 0.5% may not be the most attractive in the market, the combination of the special dividend payout and the company’s long history of reliability makes Amcon Distributing Co an interesting choice for dividend-focused investors.
As always, investors should consider their own financial goals and consult with an advisor before making investment decisions.
In Summary
- Special Dividend: $0.28 per share, yielding 0.2%.
- Regular Dividend: $0.18 per share, yielding 0.5%.
- Ex-Dividend Date for Special Dividend: December 30, 2024.
- Stable Dividend History: Regular dividend of $0.18 per share since 2009.
For those seeking reliable income and an additional bonus payout, Amcon Distributing Co’s special dividend offers a noteworthy opportunity.
AMCON, and its subsidiaries Team Sledd, LLC and Henry’s Foods, Inc., is a leading Convenience and Foodservice Distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products with thirteen (13) distribution centers in Colorado, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, and West Virginia. Through its Healthy Edge Retail Group, AMCON operates fifteen (15) health and natural product retail stores in the Midwest and Florida.
