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

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) annualized dividend 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%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Avnet has a payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

NASDAQ AVT opened at $84.72 on Thursday. Avnet has a 52 week low of $44.25 and a 52 week high of $87.46. The firm has a market capitalization of $6.95 billion, a P/E ratio of 32.97, a PEG ratio of 0.37 and a beta of 1.09. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $70.84 and a 200-day moving average price of $59.74.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. Equities research analysts anticipate that Avnet will post 5.12 earnings per share for the current 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.