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Avnet Expands Share Repurchase Authorization To $600M And Increases Dividend From $0.31 To $0.33 Per Share

Author: Benzinga Newsdesk | August 19, 2024 08:03am

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.

Posted In: AVT


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