Avnet stock dividend – Avnet Announces Quarterly Dividend Distribution
November 18, 2023
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Avnet ($NASDAQ:AVT) provides a range of services including IT infrastructure and design, data center, and networking solutions. The company’s stock trades on the NASDAQ under the symbol AVT. In addition to its dividend payments, Avnet also offers a range of financial opportunities for investors such as share buybacks, stock option awards, stock appreciation rights, and restricted stock units.
Avnet’s commitment to its shareholders has been demonstrated through these regular dividend payments and additional financial opportunities for investors. The company’s consistent and reliable dividend payments show its dedication to delivering value to its shareholders and maintaining its position as a top-tier technology solutions provider.
Dividends – Avnet stock dividend
Avnet recently announced that it will be issuing a quarterly dividend distribution to its shareholders for the third consecutive year. According to the announcement, the annual dividend per share from 2022 to 2024 will be 1.18 USD, 1.16 USD, and 1.0 USD, respectively. Furthermore, the dividend yields for those years are projected to be 1.88%, 1.88%, and 2.52%.
This would bring the average dividend yield to 2.09%. For investors interested in dividend stocks, this could be an attractive choice and they may want to consider investing in Avnet.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avnet. More…
| Total Revenues | Net Income | Net Margin |
| 26.12k | 795.84 | 2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avnet. More…
| Operations | Investing | Financing |
| -109.85 | -266.44 | 566.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avnet. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.65k | 7.82k | 52.03 |
Key Ratios Snapshot
Some of the financial key ratios for Avnet are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.8% | 87.8% | 4.9% |
| FCF Margin | ROE | ROA |
| -1.3% | 17.0% | 6.4% |
Share Price
With this announcement, AVNET stock opened at $48.1 and closed at $47.8, down by 0.1% from its last closing price of 47.8. Avnet_Announces_Quarterly_Dividend_Distribution”>Live Quote…
Analysis – Avnet Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of AVNET’s wellbeing. Using our proprietary Valuation Line, we determined that the fair value of the AVNET share is around $50.4. Currently, AVNET stock is being traded at $47.8, which is a fair price but is undervalued by 5.2%. We believe that this presents a great opportunity for investors to benefit from potential upside in the future. Investors should be aware that this situation can change quickly, and they should take into consideration all potential risks before investing in AVNET stock. Avnet_Announces_Quarterly_Dividend_Distribution”>More…
Peers
The company competes with Arrow Electronics Inc, Shanghai Yct Electronics Group Co Ltd, and Honey Hope Honesty Enterprise Co Ltd.
– Arrow Electronics Inc ($NYSE:ARW)
Arrow Electronics Inc is an American company that specializes in electronic components and enterprise computing solutions. The company has a market capitalization of 6.34 billion as of 2022 and a return on equity of 22.84%. The company was founded in 1935 and is headquartered in Denver, Colorado. Arrow Electronics is a global provider of electronic components and enterprise computing solutions. The company serves more than 125,000 original equipment manufacturers, contract manufacturers, and commercial customers through a network of more than 460 locations in 58 countries.
– Shanghai Yct Electronics Group Co Ltd ($SZSE:301099)
Shanghai Yct Electronics Group Co Ltd has a market cap of 5.2B as of 2022, a Return on Equity of 12.95%. The company is engaged in the design, development, manufacture and sale of electronic products and components. It offers a range of products, including integrated circuits, semiconductors, personal computers, mobile phones, home appliances, office equipment, automotive electronics and lighting products. The company has a global customer base and operates in China, North America, Europe and Asia.
– Honey Hope Honesty Enterprise Co Ltd ($TPEX:8043)
Honey Hope Honesty Enterprise Co Ltd is a Taiwanese company that produces and sells a variety of health and beauty products. The company has a market cap of 1.82B as of 2022 and a Return on Equity of 5.28%. Honey Hope Honesty Enterprise Co Ltd’s products include skincare, haircare, and makeup products. The company’s products are sold in Taiwan, China, Hong Kong, and Macau.
Summary
Investors looking to benefit from AVNET’s success should be pleased to learn that the company has recently declared a regular quarterly dividend. This is a sign of a healthy and successful business, and indicates that the company is in a strong financial position. Analysts have suggested that AVNET’s stock is currently undervalued, providing opportunities for long-term capital appreciation. Furthermore, the company’s ability to raise dividends over time is seen as a positive for investors.
The company has consistently reported strong earnings results, with double-digit revenue growth over the past several quarters. AVNET also boasts a healthy balance sheet, with a low debt-to-equity ratio and sufficient cash flow to cover its current liabilities. With a strong history of dividend payments, combined with impressive financials, AVNET appears to be a solid investment for long-term portfolio growth.
