Avnet (AVT) Raises Quarterly Dividend 6.3% to $0.17; Adds $250M to Common Buyback Plan

Avnet (NYSE: AVT) declared a quarterly dividend of $0.17 per share, or $0.68 annualized. This is a 6.3% increase from the prior dividend of $0.16.

The dividend will be payable on September 18, 2015, to stockholders of record on September 9, 2015, with an ex-dividend date of September 4, 2015.

The annual yield on the dividend is 1.6 percent.

In addition, Avnet’s Board of Directors approved an expansion of its current share repurchase authorization by $250 million. Since the inception of the repurchase program in August of 2011, Avnet has approved a cumulative total of $1.25 billion toward share purchases. During this time, the Company has purchased approximately $762 million of shares.

For a dividend history and other dividend-related data on Avnet (AVT) click here.

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