Avnet's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Avnet (NASDAQ: AVT) announced a quarterly dividend of 29 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning AVT stock by the end of Monday's session will be eligible for the dividend payout, which will be distributed on June 21, 2023.
June 01, 2023 | 2:46 pm
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Avnet's ex-dividend date is Tuesday, and shareholders owning the stock by the end of Monday's session will be eligible for the 29 cents per share dividend payout.
The news of Avnet's dividend payout and ex-dividend date is directly related to the company's stock. However, the short-term impact on the stock price is neutral, as the stock will likely open 29 cents lower on the ex-dividend date to reflect the payout, which is a common occurrence for stocks going ex-dividend.
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