CORRECTING and REPLACING Avnet Declares Regular Quarterly Dividend

Rhea-AI Summary

Avnet, a global technology solutions provider, announced that its Board of Directors approved a regular quarterly cash dividend of $0.31 per share on May 15, 2024. The dividend will be paid on June 18, 2024, to shareholders who are recorded by the close of business on June 5, 2024. This announcement corrects a previous release that incorrectly listed the payment date as June 19, 2024.

Positive

• Approval of a regular quarterly dividend indicates financial stability.
• The dividend amount of $0.31 per share suggests a consistent return to shareholders.
• Dividend payment scheduled for June 18, 2024, provides a clear timeline for investors.

Negative

• No significant business growth or expansion news was provided in the release.

PHOENIX--(BUSINESS WIRE)-- In the release dated May 16, 2024, the dividend payment date should read: June 18, 2024 (instead of June 19, 2024).

The updated release reads:

AVNET DECLARES REGULAR QUARTERLY DIVIDEND

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 18, 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) on May 15, 2024?

Avnet declared a regular quarterly cash dividend of $0.31 per share.

When will Avnet (AVT) pay the declared dividend?

Avnet will pay the dividend on June 18, 2024.

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

The record date for the dividend payment is June 5, 2024.

Why was there a correction to Avnet's (AVT) dividend announcement?

The correction was made to update the dividend payment date from June 19, 2024, to June 18, 2024.