Avnet Expands Share Repurchase Authorization to $600 Million and Increases Dividend by 6%
Avnet, Inc. (AVT)
Last avnet, inc. earnings: 4/27 04:05 pm
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US:NYSE Investor Relations:
ir.avnet.com/investor-relations
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Source: Business Wire
PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on August 15, 2024, its Board of Directors approved an increase in Avnet’s share repurchase authorization, bringing the total amount available for share repurchases to $600 million.The Board also approved a 6% increase in the regular quarterly cash dividend to $0.33 per share. The dividend will be paid on September 25, 2024, to shareholders of record as of the close of business on September 11, 2024.“The Board’s actions underscore our commitment to providing consistent and dependable shareholder returns,” said Phil Gallagher, Avnet’s Chief Executive Officer. “Since the start of fiscal year 2019, we have returned nearly $2 billion to shareholders, including $1.4 billion in share repurchases and nearly $600 million in dividends. These actions reflect our continued confidence in Avnet’s financial position and ability to achieve our longer-term growth goals.”The co
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AVT
Earnings
- 10/30/24 - Beat
AVT
Sec Filings
- 11/1/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/24/24 - Form SC
- AVT's page on the SEC website