Avnet Inc As of September 23, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
AVT $1.16 20.8% 14.3% 0.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Electronic Components Distributor 3.2% N/A N/A Quarter N/A
Avnet has now raised the dividend 9 consecutive years (photo credit: dividendhike.com)
Avnet has now raised the dividend 9 consecutive years (photo credit: dividendhike.com)

On August 31, 2022, Avnet (AVT) announced a 11.5% dividend hike to $0.29 quarterly per share. This is the second dividend hike by AVT in 2022 for a total hike of 20.8 percent YTD. The next AVT dividend will be paid on September 28, 2022 to shareholders of record as of the close of business on September 14, 2022. A new annual rate of $1.16 per share yields 2.6% at a stock price of $44. Earlier this year Avnet announced a dividend hike of 8.3%.

“We are pleased to announce a double digit increase in our quarterly dividend, furthering our commitment to delivering sustainable shareholder returns,” said Avnet Chief Executive Officer Phil Gallagher. “This increase follows strong performance in our 2022 fiscal year and is a reflection of our confidence in our financial position and ability to promote continued growth and value creation for Avnet stakeholders.”

Avnet (AVT) Dividend history and dividend growth statistics
Company name Avnet Inc
Ticker symbol AVT
ISIN-code US0538071038
company website https://www.avnet.com/
Sector Technology
Business Electronic Components Distributor
Dividend paid since 2013
Track record (years increased) 9
Payment Frequency Quarterly dividend
Dividend growth: 5 year average 10.0%
Next dividend per share $0.29
Annual dividend per share $1.04
Dividend yield* 2.4%
Stock price* $43.89
YTD Total Return* 8.0%
Next ex-dividend date September 13, 2022
Next payment date September 28, 2022
Market cap (in $B)* 4.15
Total dividend (in $B) 0.11
© www.dividendhike.com *As of August 31, 2022

Avnet, Inc. is a technology solutions company. Avnet's two primary operating groups are Electronic Components (EC) and Farnell. Both have operations in the Americas, Europe, Middle East and Africa and Asia/Pacific. Electronic Components markets, sells and distributes electronic components including semiconductors, interconnect, passive and electromechanical components and other integrated components. EC serves a variety of markets ranging from automotive to medical to defense and aerospace. Farnell distributes kits, tools, electronic components and industrial automation components, as well as test and measurement products to both engineers and entrepreneurs. Avnet was founded in 1921 and incorporated in New York in 1955.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 30 PKG 4.4% 0.0%
Sep 30 O 4.8% 0.6%
Sep 30 STT 4.0% 10.5%
Sep 30 RJF 1.3% 0.0%
Sep 30 CAH 3.0% 1.0%
Sep 30 VTR 4.1% 0.0%
Sep 30 APD 2.8% 8.0%
Sep 30 RSG 1.3% 0.0%
Oct 03 A 0.7% 0.0%
Oct 03 DG 0.9% 31.0%