Ex-Dividend Date Insight: Avnet

Avnet AVT declared a dividend payable on June 23, 2021 to its shareholders as of May 25, 2021. It was also announced that shareholders of Avnet's stock as of June 9, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Avnet, whose current dividend payout is $0.22, has an ex-dividend date set at June 8, 2021. The payout equates to a dividend yield of 1.96% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Avnet's Dividend Payouts And Yields

Over the past year, Avnet has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on June 2, 2020 the company's payout was $0.21, which has since grown by $0.01. Avnet's dividend yield last year was 3.01%, which has since decreased by 1.05%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Avnet's previous dividends.