Mouser Left Banner
Mouser Left Banner
Mouser Left Banner
Mouser Right Banner
Mouser Right Banner
Mouser Right Banner
More

    Avnet expands Share repurchase authorization by $500M; increases dividend by 5%

    Avnet, Inc., a leading worldwide innovative solutions provider, announced that its Board of Directors approved an increase in Avnet’s current share repurchase authorization by $500 million. Avnet now has $675 million available for share repurchases when combined with prior authorizations.

    Avnet’s Board of Directors approved a 5% increase in the quarterly cash dividend to $.21 per share. The dividend will be paid on September 25, 2019, to shareholders of record as of the close of business on September 11, 2019.

    The Board has additionally planned Avnet’s Annual Shareholder Meeting for Tuesday, November 19, 2019, at 7:30 a.m. PST/Arizona time, to be held at Avnet’s Corporate Headquarters located at: 2211 South 47th Street, Phoenix, Ariz. 85034. The record date for deciding the common shareholders entitled to vote at the meeting has been set at the close of business on September 20, 2019.

    The company may repurchase shares from time to time at the discretion of management in open market, privately arranged exchanges, 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.

    For more information, visit: www.avnet.com

    ELE Times Research Desk
    ELE Times Research Deskhttps://www.eletimes.com
    ELE Times provides a comprehensive global coverage of Electronics, Technology and the Market. In addition to providing in depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build awareness, drive traffic, communicate your offerings to right audience, generate leads and sell your products better.

    Technology Articles

    Popular Posts

    Latest News

    Must Read

    ELE Times Top 10