Avnet Expands Share Repurchase Authorization by $500M; Increases Dividend by 5% to $.21 per Share; and Announces Annual Shareholder Meeting
In addition, Avnet’s Board of Directors approved a 5% increase in the quarterly cash dividend to
The Board has also scheduled Avnet’s Annual Shareholder Meeting for
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
Avnet is a global technology solutions provider with an extensive ecosystem delivering design, product, marketing and supply chain expertise for customers at every stage of the product lifecycle. We transform ideas into intelligent solutions, reducing the time, cost and complexities of bringing products to market. 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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Investor Relations Contacts
Joe Burke, 480-643-7431
Joseph.Burke@avnet.com
Ina McGuinness, 480-643-7053
investorrelations@avnet.com
Media Relations Contact
Maureen O’Leary, 480-643-7499
maureen.oleary@avnet.com