Avnet, Inc. (AVT) To Go Ex-Dividend on September 9th

Avnet, Inc. (NASDAQ:AVT) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Wednesday, September 9th will be given a dividend of 0.37 per share on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend 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 payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Avnet to earn $11.22 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 12.5%.

Avnet Stock Up 2.0%

AVT stock opened at $88.64 on Friday. The stock has a market capitalization of $7.27 billion, a P/E ratio of 22.22, a P/E/G ratio of 0.27 and a beta of 1.09. The firm has a 50-day simple moving average of $89.35 and a 200-day simple moving average of $78.27. Avnet has a 52 week low of $44.25 and a 52 week high of $100.00. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.49.

Avnet (NASDAQ:AVT) last released its earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.48. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Equities analysts forecast that Avnet will post 10.45 earnings per share for the current fiscal year.

Avnet News Roundup

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.85 from $1.53, Q2 2027 to $2.16 from $1.74, Q3 2027 to $1.96 from $1.55, and FY2027 to $9.00 from $6.65. The firm also lifted FY2028 estimates to $9.79 from $7.19 and projects FY2029 EPS of $10.15. Zacks maintains a “Strong-Buy” rating. Zacks Research earnings estimates
• Positive Sentiment: Higher forward-quarter expectations: The firm increased its Q1 2028 forecast to $3.14 from $1.85, Q2 2028 to $2.35 from $1.89, Q3 2028 to $2.06 from $1.66, and Q4 2028 to $2.23 from $1.79. These revisions point to stronger anticipated earnings momentum than previously expected. Avnet forward earnings revisions
• Positive Sentiment: Dividend increase: Avnet declared a quarterly dividend of $0.37 per share, up from $0.35, representing a 5.7% increase. The dividend is payable September 23 to shareholders of record September 9, with an indicated annual yield of approximately 1.7%. Avnet increases quarterly dividend
• Neutral Sentiment: Valuation remains a focus: Zacks is examining whether Avnet is undervalued based on value, growth, momentum, and earnings-estimate trends. The discussion could attract value-oriented investors, although the article details provided do not include a specific valuation conclusion. Are Investors Undervaluing Avnet

Avnet Company Profile

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.