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Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distribute...
The following section summarizes insights on Avnet Inc's Dividend Growth:
We've identified the following companies as similar to Avnet Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Dividend Growth in the dividends category include:
The growth rate in dividends per share.
The dividend per share growth measures a company’s dividend per share year-over-year growth. The formula to calculate dividend growth and an example calculation for Avnet’s trailing twelve months is outlined below:
Dividend Growth = Dividend Per Share / ABS(Prior Year Dividend Per Share)* - 1
6.5% = $1.32 / $1.24 - 1
*ABS = An absolute value adjustment is used to ensure the direction of growth of negative numbers is reflected
The tables below summarizes Avnet’s performance over the last five years:
| Fiscal Year | Dividend Per Share | Growth |
|---|---|---|
| 2020-06-27 | $0.84 | 5.0% |
| 2021-07-03 | $0.88 | 4.8% |
| 2022-07-02 | $1.04 | 18.2% |
| 2023-07-01 | $1.16 | 11.5% |
| 2024-06-29 | $1.24 | 6.9% |
The tables below summarizes Avnet’s performance over the last four quarters:
| Quarter Ending | Dividend Per Share | Growth |
|---|---|---|
| 2024-03-30 | $1.24 | 6.9% |
| 2024-06-29 | $1.24 | 6.9% |
| 2024-09-28 | $1.32 | 6.5% |
| 2024-12-28 | $1.32 | 6.5% |
Avnet’s dividends are presented in the USD currency. You can read more about Dividend Per Share here.
The chart above depicts the distribution of dividend growth for companies operating in the Information Technology sector in the Developed economic region. Over 800 companies were considered in this analysis, and 793 had meaningful values. The average dividend growth of companies in the sector is 6.0% with a standard deviation of 53.2%.
Avnet Inc's Dividend Growth of 6.5% ranks in the 53.4% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 809 |
| Included Constituents | 793 |
| Min | -100.0% |
| Max | 258.5% |
| Median | 4.6% |
| Mean | 6.0% |
| Standard Deviation | 53.2% |
You can find companies with similar dividend growth using this stock screener.