AMCON Distributing Company Increases Quarterly Dividend by 80%

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CHICAGO--(BUSINESS WIRE)--AMCON Distributing Company (“AMCON”) (AMEX:DIT - News), an Omaha, Nebraska based consumer products company is pleased to announce that the Board of Directors of AMCON has increased its quarterly cash dividend by 80% to a rate of $0.18 per common share. The dividend is payable on November 30, 2009 to shareholders of record as of November 9, 2009.

At the same time, the Board of Directors also authorized a share repurchase program of up to 50,000 shares of AMCON’s common stock. The shares may be purchased from time to time in open market or negotiated transactions.

Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer, commented, “The dividend increase and share repurchase program reflect the success of our focused strategic plan during fiscal 2009. We continue to be fully committed to enhancing shareholder value at every opportunity.”

AMCON is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, food service, frozen and chilled foods, and health and beauty care products with distribution centers in Illinois, Missouri, Nebraska, North Dakota and South Dakota. Chamberlin's Natural Foods, Inc. and Health Food Associates, Inc., both wholly-owned subsidiaries of The Healthy Edge, Inc., operate health and natural product retail stores in central Florida (6), Kansas, Missouri, Nebraska and Oklahoma (4). The retail stores operate under the names Chamberlin's Market & Cafe and Akins Natural Foods Market.

This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation, availability of sufficient cash resources to conduct its business and meet its capital expenditures needs and the other factors described under Item 1.A. of the Company’s Annual Report on Form 10-K. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements.

Visit AMCON Distributing Company's web site at: www.amcon.com

AMCON Distributing Company
Christopher H. Atayan, 312-327-1770
Fax: 312-527-3964