Avnet Declares Regular Quarterly Dividend

Rhea-AI Summary

Avnet, a global technology solutions provider, declared a quarterly cash dividend of $0.26 per share on May 23, 2022. The dividend is scheduled for payment on June 22, 2022 to shareholders of record as of the close of business on June 8, 2022. This decision reflects the company's continued commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.26 per share indicates financial stability and commitment to shareholder returns.

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on May 23, 2022, its Board of Directors approved a regular quarterly cash dividend of $0.26 per share. The dividend will be paid on June 22, 2022 to shareholders of record as of the close of business on June 8, 2022.

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com. (AVT_IR)

Visit the Avnet Investor Relations website at ir.avnet.com or contact us at investorrelations@avnet.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005394/en/

Investor Relations Contacts

Joe Burke, 480-643-7431

Joseph.Burke@avnet.com

Media Relations Contact

Jeanne Forbis, 480-643-7499

Jeanne.Forbis@avnet.com

Source: Avnet

FAQ

What is the dividend amount declared by Avnet on May 23, 2022?

Avnet declared a quarterly cash dividend of $0.26 per share.

When will Avnet's dividend be paid?

The dividend will be paid on June 22, 2022.

Who is eligible to receive Avnet's dividend?

Shareholders of record as of the close of business on June 8, 2022, are eligible.

Is Avnet's dividend sustainable?

The announcement of a dividend suggests financial health, but sustainability would depend on ongoing company performance.