Published on 18 May 2024 on Simply Wall St. · via Yahoo Finance
Avnet, Inc. (NASDAQ:AVT) Passed Our Checks, And It's About To Pay A US$0.31...
Avnet, Inc. (NASDAQ:AVT) stock is about to trade ex-dividend in four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Meaning, you will need to purchase Avnet's shares before the 5th of June to receive the dividend, which will be paid on the 18th of June.
The company's next dividend payment will be US$0.31 per share. Last year, in total, the company distributed US$1.24 to shareholders. Based on the last year's worth of payments, Avnet stock has a trailing yield of around 2.3% on the current share price of US$54.58. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Avnet can afford its dividend, and if the dividend could grow.