Dividend Growth of Avnet, Inc.(AVT)

Avnet(AVT) is having a Dividend Yield of 1.47% with the Annual cash Dividend per share of $0.68. The last quarter cash dividend per share pay out was $0.17. Avnet has a 5 year average dividend yield of 1% and the stock has a Indicated annual dividend of $0.68. Avnet(AVT) formally announced its most recent dividend on November 11, 2016 with a Dividend per share of $0.17. The new indicated annual dividend based on announced dividend per share is $0.68. The dividend yield based on the forward looking indicated annual dividend is 1.47%. Avnet(AVT) has the most recent dividend payout ratio of 0.19 with a 5-year average payout ratio of 0.11. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.08. The 5 year historical dividend growth of Avnet(AVT) is at the rate of 4.95% while the R-Squared dividend growth is 0.87. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Avnet, Inc. (NYSE:AVT) rose 0.09% or 0.04 points on Thursday and made its way into the gainers of the day. After trading began at $46.33 the stock was seen hitting $46.39 as a peak level and $45.94 as the lowest level. The stock ended up at $46.29. The daily volume was measured at 687,302 shares. The 52-week high of the share price is $51.5 and the 52-week low is $38.16. The company has a market cap of $5,967 million. Avnet, Inc. has lost 0.88% in the last five trading days and dropped 1.7% in the last 4 weeks. Avnet, Inc. is up 3.78% in the last 3-month period. Year-to-Date the stock performance stands at -2.77%.

Currently the company Insiders own 1.47% of Avnet, Inc. shares according to the proxy statements. Institutional Investors own 94.97% of Avnet, Inc. shares. Company has reported several Insider transactions to the SEC, on Feb 9, 2017, Ray M Robinson (director) sold 3,004 shares at 46.45 per share price.On Sep 10, 2015, Maryann G. Miller (Senior Vice President) sold 9,562 shares at 42.45 per share price.On Sep 10, 2015, James A Lawrence (director) purchased 46,700 shares at 42.60 per share price.

Avnet Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.75. The company had revenue of $4273.56 million for the quarter, compared to analysts expectations of $4379.83 million. The companys revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Avnet Inc. is one of the worlds largest industrial distributors of electronic components and computer products. The company is a vital link in the chain that connects suppliers of semiconductors, interconnect products, passive and electromechanical devices to original equipment manufacturers and contract manufacturers that design and build the electronic equipment for end-market use, and to other industrial customers. The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the worlds leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its one lakhs customers, accelerating their growth through cost-effective, value-added services and solutions.

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