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Avnet Boosts Quarterly Dividend by 6% to $0.35 per Share
ByAinvest
Friday, Aug 22, 2025 10:11 am ET1min read
Avnet, a global electronic component distributor, increased its quarterly dividend by 6% to $0.35 per share. The company markets, sells, and distributes electronic components from manufacturers, serving markets such as industrial, automotive, defense, and aerospace. Its primary operating groups include Electronic Components (EC) and Farnell, offering customer support options throughout the product lifecycle.
Avnet, a global electronic component distributor, has announced an increase in its quarterly dividend by 6% to $0.35 per share. The company, which markets, sells, and distributes electronic components from manufacturers, serves markets such as industrial, automotive, defense, and aerospace. The increase follows a strong performance in the first half of the year, driven by robust demand across various sectors.Avnet's primary operating groups include Electronic Components (EC) and Farnell, which offer customer support options throughout the product lifecycle. The dividend increase underscores the company's commitment to rewarding shareholders and maintaining a stable dividend policy.
The dividend is payable on September 8, 2025, to shareholders of record as of September 2, 2025, and will be ex-dividend on September 2, 2025. The forward yield is approximately 0.82%, indicating a solid return on investment for shareholders.
In addition to the dividend increase, Avnet has also initiated a new stock repurchase program, authorizing the company to repurchase up to $500 million of its common stock. This program, disclosed in the Form 8-K filed on August 22, 2025, aims to return capital to shareholders and enhance shareholder value.
The dividend increase and stock repurchase program are part of Avnet's strategy to optimize shareholder returns and maintain its competitive position in the global electronics component distribution market. As the company continues to navigate the challenges and opportunities presented by the evolving technology landscape, these initiatives demonstrate its commitment to shareholder value and long-term growth.
References:
[1] https://seekingalpha.com/news/4488265-ubiquiti-raises-dividend-by-333-to-080-a-share-announces-new-stock-repurchase-up-to-500m
[2] https://in.linkedin.com/jobs/view/assistant-product-manager-at-avnet-4289253990
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