Avnet, Inc. (AVT) To Go Ex-Dividend on September 9th

Avnet, Inc. (NASDAQ:AVT) declared a quarterly dividend on Thursday, August 20th. Investors of record on Wednesday, September 9th will be given a dividend of 0.37 per share on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a 5.7% increase from Avnet’s previous quarterly dividend of $0.35.

Avnet has increased its dividend 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 29.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Avnet to earn $11.22 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 13.2%.

Avnet Stock Performance

Shares of AVT stock opened at $92.06 on Monday. The company has a market cap of $7.56 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. Avnet has a 1 year low of $44.25 and a 1 year high of $100.00. The stock’s 50 day simple moving average is $89.22 and its two-hundred day simple moving average is $80.08. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.48. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.56 billion. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Research analysts predict that Avnet will post 10.45 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.