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

Avnet, Inc. (NASDAQ:AVT) declared a quarterly dividend on Thursday, February 19th. Investors of record on Wednesday, March 4th will be given a dividend of 0.35 per share on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, March 4th.

Avnet has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Avnet has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Avnet to earn $5.67 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 24.7%.

Avnet Stock Performance

AVT traded up $1.00 during trading on Friday, hitting $67.03. The company’s stock had a trading volume of 183,495 shares, compared to its average volume of 1,358,927. Avnet has a one year low of $39.22 and a one year high of $67.72. The business’s 50 day simple moving average is $54.78 and its 200-day simple moving average is $52.28. The company has a quick ratio of 1.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.49 billion, a PE ratio of 27.43, a P/E/G ratio of 0.49 and a beta of 0.93.

Avnet (NASDAQ:AVT) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The firm had revenue of $6.32 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the previous year, the business posted $0.87 EPS. Avnet’s revenue was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts predict that Avnet will post 3.41 EPS 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.