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

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

Avnet has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. Avnet has a dividend payout ratio of 27.8% indicating that 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 Up 1.5%

Shares of NASDAQ AVT traded up $1.00 during midday trading on Friday, reaching $67.03. 183,495 shares of the company’s stock were exchanged, compared to its average volume of 1,358,927. The stock has a market capitalization of $5.49 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 0.49 and a beta of 0.93. Avnet has a 52-week low of $39.22 and a 52-week high of $67.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.07. The business’s fifty day moving average price is $54.78 and its two-hundred day moving average price is $52.28.

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