Avnet, Inc. (NASDAQ:AVT) Declares Dividend Increase - $0.37 Per Share

Key Points

• Avnet increased its quarterly dividend 5.7% to $0.37 per share, payable September 23 to shareholders of record on September 9. The annualized payout is approximately $1.48 per share, yielding about 1.7%.
• The company’s dividend appears well covered, with a current payout ratio of 27.8% and 12 consecutive years of annual increases. Analysts expect future earnings to support the $1.40–$1.48 annual payout.
• Avnet recently reported quarterly EPS of $2.28, beating estimates by $0.48, while revenue rose 47.7% year over year to $8.30 billion; Zacks also raised its 2027–2029 earnings estimates and reiterated a “Strong-Buy” rating.

Avnet, Inc. (NASDAQ:AVT - Get Free Report) 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 1.7%. The ex-dividend date is Wednesday, September 9th. This is a 5.7% increase from Avnet's previous quarterly dividend of $0.35.

Avnet has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive 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 $10.35 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 13.5%.

Avnet Price Performance

Avnet stock opened at $86.89 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.78. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 0.29 and a beta of 1.09. Avnet has a 1 year low of $44.25 and a 1 year high of $100.00. The firm has a 50 day moving average price of $89.39 and a 200 day moving average price of $78.19.

Avnet (NASDAQ:AVT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.48. The business had revenue of $8.30 billion during 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 business's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Sell-side analysts predict that Avnet will post 9.66 earnings per share for the current year.

Key Headlines Impacting Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Zacks Research raised earnings estimates across 2027 and 2028 and reiterated a “Strong-Buy” rating. Estimates increased for every reported period, including Q1 2027 EPS to $2.85 from $1.53, FY2027 EPS to $9.00 from $6.65, and FY2028 EPS to $9.79 from $7.19. The revisions imply stronger expected profitability and provide a bullish catalyst for Avnet shares.
• Positive Sentiment: The firm also projected FY2029 EPS of $10.15, extending the longer-term earnings growth outlook. The current-year consensus remains $9.66 per share, while Avnet’s prior quarter significantly exceeded expectations with $2.28 EPS on $8.30 billion in revenue.
• Positive Sentiment: Avnet increased its quarterly dividend by 5.7% to $0.37 per share. Shareholders of record on September 9 will receive the dividend on September 23. The annualized payout is approximately $1.48 per share, representing a yield of about 1.7%. The increase signals confidence in cash generation and enhances the stock’s shareholder-return appeal. Avnet Increases Quarterly Dividend by 5.7%
• Positive Sentiment: Recent commentary has characterized Avnet as attractive on forward valuation despite appearing expensive based on prior-year results. A Zacks value-stock article also included AVT among stocks considered compelling amid geopolitical uncertainty. Avnet: Expensive On The Last Year, Cheap On The Next One
• Neutral Sentiment: The dividend’s September 9 ex-dividend date could create normal short-term trading volatility, but it does not change the company’s underlying earnings outlook.

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.

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