Avnet Declares Regular Quarterly Dividend

Rhea-AI Summary

Avnet, a global technology solutions provider, has announced that its Board of Directors approved a regular quarterly cash dividend of $0.31 per share on May 15, 2024. This dividend will be paid on June 19, 2024, to shareholders who are recorded by the close of business on June 5, 2024. The announcement reflects Avnet's commitment to returning value to its shareholders.

Positive

• Avnet declared a regular quarterly dividend of $0.31 per share, indicating financial stability.
• The dividend will be paid on June 19, 2024, ensuring timely returns for investors.
• The record date for shareholders is June 5, 2024, providing clarity on eligibility.

Negative

• No mention of increased dividend payments, indicating potential stagnation in shareholder returns.
• Regular quarterly dividends can imply reinvestment in business growth opportunities.

PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on May 15, 2024, its Board of Directors approved a regular quarterly cash dividend of $0.31 per share. The dividend will be paid on June 19, 2024, to shareholders of record as of the close of business on June 5, 2024.

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for more than a century. 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/20240516496199/en/

Investor Relations Contact

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 (AVT) for Q2 2024?

Avnet has declared a quarterly dividend of $0.31 per share for Q2 2024.

When will Avnet (AVT) pay the declared dividend?

The dividend will be paid on June 19, 2024.

What is the record date for Avnet's (AVT) quarterly dividend?

The record date for Avnet's quarterly dividend is June 5, 2024.

When did Avnet's (AVT) Board of Directors approve the quarterly dividend?

The Board of Directors approved the quarterly dividend on May 15, 2024.