Welcome to our dedicated page for Avnet news (Ticker: AVT), a resource for investors and traders seeking the latest updates and insights on Avnet stock.
Avnet, Inc. (AVT) drives innovation in global electronics distribution, connecting semiconductor suppliers with manufacturers worldwide. This news hub provides investors and industry professionals with essential updates on Avnet's strategic initiatives, financial performance, and market leadership.
Access real-time press releases covering earnings announcements, supply chain developments, and technology partnerships. Our curated collection ensures you stay informed about critical milestones in electronic component distribution and engineering solutions.
Key updates include quarterly financial results, executive leadership changes, sustainability initiatives, and innovations in IoT/embedded systems. Bookmark this page for direct access to verified information supporting informed analysis of Avnet's position in the semiconductor value chain.
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.
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.
Avnet reported third quarter 2024 financial results with sales of $5.7 billion and diluted EPS of $0.97. Adjusted diluted EPS was $1.10, with an electronic components operating margin of 4.1%. Despite lower demand and economic softness, the company generated nearly $500 million in cash flow from operations and returned $28 million to shareholders in dividends.
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