Avnet Increases Quarterly Dividend By 7% From $0.29 To $0.31 Per Share
Portfolio Pulse from Benzinga Newsdesk
Avnet has announced a 7% increase in its quarterly dividend from $0.29 to $0.31 per share. The dividend will be paid on September 27, 2023 to shareholders of record as of the close of business on September 13, 2023.
August 29, 2023 | 8:20 pm
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Avnet's decision to increase its quarterly dividend by 7% could be seen as a positive sign of the company's financial health and may attract income-focused investors.
Dividend increases are often seen as a sign of a company's strong financial health. As Avnet increases its dividend, it may attract more income-focused investors, potentially leading to an increase in the stock price in the short term.
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