Avnet hikes dividend by 5%
Avnet (AVT) will raise its quarterly dividend by 5.0 percent to $0.21 per share in 2019. The increase is in addition to Avnet's total dividend hike of 11.1 percent in 2018 and marks the 6th consecutive year of annual dividend increases.
The next dividend will be paid on September 25, 2019, to shareholders of record as of the close of business on September 11, 2019. A new annual rate of 84 cents per share yields 2.0% at a stock price of $41.15.
Avnet, Inc. is a technology solutions company. Avnet's two primary operating groups are Electronic Components (EC) and Farnell. Both have operations in the Americas, Europe, Middle East and Africa and Asia/Pacific. Electronic Components markets, sells and distributes electronic
components including semiconductors, interconnect, passive and electromechanical components and other integrated components. EC serves a variety of markets ranging from automotive to medical to defense and aerospace. Farnell distributes kits, tools, electronic components and industrial automation components, as well as test and measurement products to both engineers and entrepreneurs. Avnet was founded in 1921 and incorporated in New York in 1955.
The next dividend will be paid on September 25, 2019, to shareholders of record as of the close of business on September 11, 2019. A new annual rate of 84 cents per share yields 2.0% at a stock price of $41.15.
Avnet, Inc. is a technology solutions company. Avnet's two primary operating groups are Electronic Components (EC) and Farnell. Both have operations in the Americas, Europe, Middle East and Africa and Asia/Pacific. Electronic Components markets, sells and distributes electronic
components including semiconductors, interconnect, passive and electromechanical components and other integrated components. EC serves a variety of markets ranging from automotive to medical to defense and aerospace. Farnell distributes kits, tools, electronic components and industrial automation components, as well as test and measurement products to both engineers and entrepreneurs. Avnet was founded in 1921 and incorporated in New York in 1955.
