Avnet's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Avnet (NASDAQ:AVT) has announced a quarterly dividend of 31 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday's session will be eligible for the dividend, which will be paid on December 20, 2023. The stock is expected to open 31 cents lower on the ex-dividend date.
November 30, 2023 | 2:45 pm
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Avnet has declared a quarterly dividend of 31 cents per share, with the ex-dividend date being the upcoming Tuesday. The stock price is expected to adjust lower by the dividend amount on that day.
The stock price of Avnet is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
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