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AMCON Distributing is primarily engaged in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the US. Co.'s wholesale distribution business includes six distribution centers that sell different consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and chilled products and institutional foodservice products. Co., through its Healthy Edge Inc. subsidiary, operates retail health food stores which carry natural supplements, organic and natural groceries, health and beauty care products, and other food items. According to our DIT split history records, AMCON Distributing has had 2 splits.
DIT split history picture
AMCON Distributing (DIT) has 2 splits in our DIT split history database. The first split for DIT took place on January 21, 2000. This was a 11 for 10 split, meaning for each 10 shares of DIT owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. DIT's second split took place on May 17, 2004. This was a 1 for 6 reverse split, meaning for each 6 shares of DIT owned pre-split, the shareholder now owned 1 share. For example, a 1100 share position pre-split, became a 183.333333333333 share position following the split.

When a company such as AMCON Distributing splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as AMCON Distributing conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Looking at the DIT split history from start to finish, an original position size of 1000 shares would have turned into 183.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AMCON Distributing shares, starting with a $10,000 purchase of DIT, presented on a split-history-adjusted basis factoring in the complete DIT split history. DIT split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/20/2009
End date: 07/18/2019
Start price/share: $49.25
End price/share: $95.84
Starting shares: 203.05
Ending shares: 225.85
Dividends reinvested/share: $8.24
Total return: 116.46%
Average Annual Total Return: 8.03%
Starting investment: $10,000.00
Ending investment: $21,649.30
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/20/2009
End date: 07/18/2019
Start price/share: $49.25
End price/share: $95.84
Dividends collected/share: $8.24
Total return: 111.33%
Average Annual Total Return: 7.77%
Starting investment: $10,000.00
Ending investment: $21,133.86
Years: 10.00
Date Ratio
01/21/200011 for 10
05/17/20041 for 6
DIT is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:

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