Avnet Expands Share Repurchase Authorization by $500 Million; Increases Dividend by 5.3% to $0.20 per Share
Avnet, Inc. (AVT)
Last avnet, inc. earnings: 4/27 04:05 pm
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US:NYSE Investor Relations:
ir.avnet.com/investor-relations
Company Research
Source: Business Wire
PHOENIX--(BUSINESS WIRE)-- Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that the Board of Directors approved an expansion of the company’s current share repurchase authorization by $500 million. Avnet now has $722 million available for share repurchases when combined with prior authorizations. In addition, Avnet’s Board of Directors approved a 5.3% increase in the quarterly cash dividend to $0.20 per share. The dividend will be paid on September 20, 2018 to shareholders of record as of the close of business on September 10, 2018. Chief Executive Officer Bill Amelio commented, “The Board’s decision to expand our share repurchase program and increase Avnet’s dividend sends a strong positive signal to the investment community. These actions underscore Avnet’s commitment to create and deliver increased value to shareholders in the short term, while providing co
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