Avnet hikes dividend for 11th consecutive year

9.5% CAGR and 2.3% dividend yield

Avnet (Ticker: AVT), a leading global distributor of electronic components, has announced a notable increase in its dividend payout for 2024. The company's board has approved a dividend hike of 6.50%, continuing its track record of rewarding shareholders with consistent dividend growth.

Currently, Avnet offers a dividend yield of 2.3%, with a total retur…