Avnet Expands Share Repurchase Authorization by $500 Million; Increases Dividend by 5.3% to $0.20 per Share
In addition, Avnet’s Board of Directors approved a 5.3% increase in the quarterly cash dividend to
Chief Executive Officer
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
From idea to design and from prototype to production, Avnet supports customers at each stage of a product’s lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped 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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Source: Avnet
Investor Relations Contact
Abernathy MacGregor
Ina McGuinness, 480-643-7053
investorrelations@avnet.com
or
Media Relations Contact
Avnet
Maureen O’Leary, 480-643-7499
Director, Media Relations
Maureen.OLeary@avnet.com