Cash Dividend On The Way From AMCON Distributing Company (DIT)

Looking at the universe of stocks we cover at Dividend Channel, on 8/1/13, AMCON Distributing Company ( DIT) will trade ex-dividend, for its quarterly dividend of $0.18, payable on 8/27/13. As a percentage of DIT's recent stock price of $77.50, this dividend works out to approximately 0.23%.

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Below is a dividend history chart for DIT, showing historical dividends prior to the most recent $0.18 declared by AMCON Distributing Company:

DIT+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DIT is likely to continue, and whether the current estimated yield of 0.93% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DIT shares, versus its 200 day moving average:

AMCON Distributing Company 200 Day Moving Average Chart

Looking at the chart above, DIT's low point in its 52 week range is $59.35 per share, with $80.94 as the 52 week high point — that compares with a last trade of $77.50.

In Tuesday trading, AMCON Distributing Company shares are currently trading flat on the day.
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