Avnet Expands Share Repurchase Authorization to $600 Million and Increases Dividend by 6%
2024年8月19日 - 9:00PM
ビジネスワイヤ(英語)
Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions
provider, today announced that on August 15, 2024, its Board of
Directors approved an increase in Avnet’s share repurchase
authorization, bringing the total amount available for share
repurchases to $600 million.
The Board also approved a 6% increase in the regular quarterly
cash dividend to $0.33 per share. The dividend will be paid on
September 25, 2024, to shareholders of record as of the close of
business on September 11, 2024.
“The Board’s actions underscore our commitment to providing
consistent and dependable shareholder returns,” said Phil
Gallagher, Avnet’s Chief Executive Officer. “Since the start of
fiscal year 2019, we have returned nearly $2 billion to
shareholders, including $1.4 billion in share repurchases and
nearly $600 million in dividends. These actions reflect our
continued confidence in Avnet’s financial position and ability to
achieve our longer-term growth goals.”
The company may repurchase shares from time to time at the
discretion of management in open market, privately negotiated
transactions, or otherwise – subject to applicable laws,
regulations and approvals, strategic considerations, market
conditions and other factors. The company may terminate or limit
the share repurchase program at any time without prior notice.
About Avnet
As a leading global technology distributor and solutions
provider, Avnet has served customers’ evolving needs for more than
a century. Decade after decade, Avnet helps its customers and
suppliers around the world realize the transformative possibilities
of technology. Learn more about Avnet at www.avnet.com.
(AVT_IR)
Visit the Avnet Investor Relations website at ir.avnet.com or
contact us at investorrelations@avnet.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240819918592/en/
Investor Relations Contacts Joe Burke, 480-643-7431
Joseph.Burke@avnet.com
Media Relations Contact Jeanne Forbis, 480-643-7499
Jeanne.Forbis@avnet.com
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