AMCON Distributing Announces 1.5-1 Stock Split

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AMCON Distributing Company (NYSEAMERICAN:DIT), a wholesale distributor of tobacco, vaping products, and convenience store items, has announced a 1.5-1 stock split. The newly issued shares will be distributed to shareholders after the market closes on Sunday, March 22nd, with the split taking effect on the morning of Monday, March 23rd.

Why it matters

The stock split will make AMCON's shares more accessible to a wider range of investors, potentially increasing trading volume and liquidity. This move could also signal the company's confidence in its future growth prospects.

The details

AMCON Distributing, headquartered in Brentwood, Tennessee, operates a network of regional warehouses and a dedicated delivery fleet to serve convenience stores, independent retailers, gas stations, and small grocery outlets across the Southeastern and South Central United States. The company's core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages, and general merchandise.

• The 1.5-1 stock split was recently announced.
• The newly issued shares will be distributed to shareholders after the market closes on Sunday, March 22nd.
• The split will take effect on the morning of Monday, March 23rd.

What’s next

Investors will receive the newly split shares on Monday, March 23rd, and the stock will begin trading at the adjusted price.