Avnet (AVT) Raises Quarterly Dividend 5.9% to $0.18; Approves $500M Buyback

Avnet (NYSE: AVT) declared a quarterly dividend of $0.18 per share, or $0.72 annualized. This is a 5.9% increase from the prior dividend of $0.17.

The dividend will be payable on February 28, 2017, to stockholders of record on February 28, 2017, with an ex-dividend date of February 24, 2017.

The annual yield on the dividend is 1.6 percent.

vnet (NYSE: AVT) announced today that its Board of Directors approved an expansion of the company’s current share repurchase authorization by $500 million. Avnet now has $675 million available for share repurchases when combined with prior authorizations, and the latest authorization has no expiration date.

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

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