Avnet, Inc. (AVT) to Issue Quarterly Dividend of $0.35 on June 17th

Avnet, Inc. (NASDAQ:AVT) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, June 3rd will be given a dividend of 0.35 per share on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, June 3rd.

Avnet has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Avnet has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Avnet to earn $7.30 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 19.2%.

Avnet Stock Down 1.6%

NASDAQ:AVT opened at $83.40 on Friday. Avnet has a fifty-two week low of $44.25 and a fifty-two week high of $87.46. The stock has a market capitalization of $6.84 billion, a P/E ratio of 32.45, a P/E/G ratio of 0.38 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01. The company’s 50-day simple moving average is $71.29 and its 200-day simple moving average is $59.98.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.15. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Avnet had a net margin of 0.86% and a return on equity of 7.07%. Avnet’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. On average, equities analysts anticipate that Avnet will post 5.12 earnings per share for the current fiscal year.

About Avnet

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.