Avnet, Inc. to Issue Quarterly Dividend of $0.35 (NASDAQ:AVT)

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

Avnet has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 12 years. Avnet has a payout ratio of 27.8% meaning 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 Up 2.9%

Shares of NASDAQ AVT opened at $84.72 on Thursday. The firm has a market cap of $6.95 billion, a PE ratio of 32.97, a P/E/G ratio of 0.37 and a beta of 1.09. Avnet has a 12-month low of $44.25 and a 12-month high of $87.46. The company’s fifty day simple moving average is $70.84 and its 200 day simple moving average is $59.74. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period last year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. As a group, sell-side analysts forecast that Avnet will post 5.12 earnings per share for the current fiscal year.

Avnet Company Profile

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.