Avnet (AVT) Raises Quarterly Dividend 5.6% to $0.19; 1.9% Yield

Avnet (NYSE: AVT) declared a quarterly dividend of $0.19 per share, or $0.76 annualized. This is a 5.6% increase from the prior dividend of $0.18. The dividend will be payable on March 27, 2018, to stockholders of record on March 13, 2018, with an ex-dividend date of March 12, 2018. The annual yield on the dividend is 1.9 percent.

“As our transformation continues to gain momentum and we expand our reach in high growth markets, we remain fully committed to our capital allocation priorities, which include consistent return of cash to shareholders,” said William Amelio, Avnet’s Chief Executive Officer. “Since the beginning of fiscal 2016, we have increased our quarterly dividend more than 11.7% and have returned nearly $221 million to shareholders over the past 10 quarters.”

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

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