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Avnet (AVT) 3-Year Dividend Growth Rate : 11.40% (As of Dec. 2023)


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What is Avnet 3-Year Dividend Growth Rate?

Avnet's Dividends per Share for the three months ended in Dec. 2023 was $0.31.

The historical rank and industry rank for Avnet's 3-Year Dividend Growth Rate or its related term are showing as below:

AVT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -20.6   Med: 6.3   Max: 11.4
Current: 11.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Avnet was 11.40% per year. The lowest was -20.60% per year. And the median was 6.30% per year.

AVT's 3-Year Dividend Growth Rate is ranked worse than
53.7% of 892 companies
in the Hardware industry
Industry Median: 13.7 vs AVT: 11.40

During the past 12 months, Avnet's average Dividends Per Share Growth Rate was 9.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Avnet's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.22. As of today, Avnet's Dividend Yield % is 2.46%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Avnet's 3-Year Dividend Growth Rate

For the Electronics & Computer Distribution subindustry, Avnet's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Avnet's 3-Year Dividend Growth Rate Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Avnet's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Avnet's 3-Year Dividend Growth Rate falls into.



Avnet 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Avnet  (NAS:AVT) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Avnet's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.31/ 1.4
=0.22

During the past 13 years, the highest Dividend Payout Ratio of Avnet was 0.93. The lowest was 0.14. And the median was 0.22.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Avnet Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3102024-03-052024-03-062024-03-20Cash DividendquarterlyUSD:USD 1.000000
USD 0.3102023-12-052023-12-062023-12-20Cash DividendquarterlyUSD:USD 1.000000
USD 0.3102023-09-122023-09-132023-09-27Cash DividendquarterlyUSD:USD 1.000000
USD 0.2902023-06-062023-06-072023-06-21Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Avnet's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.22/49.525
=2.46 %

Current Share Price is $49.525.
Avnet's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.22.

During the past 13 years, the highest Dividend Yield of Avnet was 3.56%. The lowest was 0.35%. And the median was 1.84%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Avnet 3-Year Dividend Growth Rate Related Terms>


Avnet (AVT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2211 South 47th Street, Phoenix, AZ, USA, 85034
Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.
Executives
James A Lawrence director 2211 S 47TH ST, PHOENIX AZ 85034
Philip R Gallagher officer: Senior Vice President C/O AVNET, INC., 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Rebeca Obregon-jimenez officer: SVP 3748 E MARE COURT, PHOENIX AZ 85044
Thomas Liguori officer: Chief Financial Officer ADVANCED ENERGY INDUSTRIES, INC., 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
William H Schumann director 200 E RANDOLPH DRIVE, CHICAGO IL 60601
Elizabeth Mcmullen officer: Global VP - Operations 2211 S 47TH ST, PHOENIX AZ 85034
Ernest E Maddock director LAM RESEARCH, 4650 CUSHING PARKWAY, FREMONT CA 94538
Kenneth A Jacobson officer: Interim CFO 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Leng Jin Chan officer: CIO 2211 S 47TH ST, PHOENIX AZ 85034
Dayna Badhorn officer: Global VP, Strategic Planning 2211 S 47TH ST, PHOENIX AZ 85034
Oleg Khaykin director
Maryann G. Miller officer: Sr. Vice President C/O AVNET, INC., 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Michael Ryan Mccoy officer: SVP, General Counsel 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Carlo Bozotti director 2211 SOUTH 47TH STREET, PHOENIX AZ 85034
Adalio T Sanchez director 6060 COVENTRY DRIVE, ELKHORN NE 68022