Amcon Distributing's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Amcon Distributing (AMEX:DIT) has announced a quarterly dividend of 18 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 18 cents lower. Shareholders owning DIT by the end of Wednesday's session are eligible for the dividend, which will be paid out on August 17, 2023.
July 31, 2023 | 2:46 pm
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Amcon Distributing's stock price is expected to open lower on the ex-dividend date due to the 18 cents per share dividend. The dividend will be paid out on August 17, 2023.
The stock price is expected to decrease by the amount of the dividend on the ex-dividend date. This is a common occurrence as the market adjusts for the payout. Shareholders as of the end of Wednesday's session will receive the dividend.
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