Avnet (AVT) Raises Quarterly Dividend 5% to $0.21; Raises Buyback by $500M

Avnet (NASDAQ: AVT) declared a quarterly dividend of $0.21 per share, or $0.84 annualized. This is a 5% increase from the prior dividend of $0.20. The dividend will be payable on September 25, 2019, to stockholders of record on September 11, 2019, with an ex-dividend date of September 10, 2019. The annual yield on the dividend is 2 percent.

Avnet also announced that its Board of Directors approved an increase in Avnet’s current share repurchase authorization by $500 million. Avnet now has $675 million available for share repurchases when combined with prior authorizations.

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

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