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Why NASDAQ:AVT is a Top Pick for Dividend Investors.

By Mill Chart

Last update: May 9, 2024

AVNET INC (NASDAQ:AVT) was identified as a stock worth exploring by dividend investors by our stock screener. NASDAQ:AVT scores well on profitability, solvency and liquidity. At the same time it seems to pay a decent dividend. We'll explore this a bit deeper below.

Evaluating Dividend: NASDAQ:AVT

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. NASDAQ:AVT has achieved a 7 out of 10:

  • Compared to an average industry Dividend Yield of 1.72, AVT pays a better dividend. On top of this AVT pays more dividend than 96.80% of the companies listed in the same industry.
  • On average, the dividend of AVT grows each year by 8.88%, which is quite nice.
  • AVT has paid a dividend for at least 10 years, which is a reliable track record.
  • AVT has not decreased their dividend for at least 10 years, which is a reliable track record.
  • 19.37% of the earnings are spent on dividend by AVT. This is a low number and sustainable payout ratio.

Unpacking NASDAQ:AVT's Health Rating

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NASDAQ:AVT has earned a 5 out of 10:

  • AVT has an Altman-Z score of 3.66. This indicates that AVT is financially healthy and has little risk of bankruptcy at the moment.
  • AVT has a better Altman-Z score (3.66) than 68.00% of its industry peers.
  • AVT has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
  • A Current Ratio of 2.33 indicates that AVT has no problem at all paying its short term obligations.

A Closer Look at Profitability for NASDAQ:AVT

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:AVT was assigned a score of 5 for profitability:

  • AVT has a Return On Assets of 4.64%. This is in the better half of the industry: AVT outperforms 69.60% of its industry peers.
  • With a decent Return On Equity value of 11.45%, AVT is doing good in the industry, outperforming 78.40% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 10.48%, AVT is in the better half of the industry, outperforming 79.20% of the companies in the same industry.
  • The last Return On Invested Capital (10.48%) for AVT is above the 3 year average (9.91%), which is a sign of increasing profitability.
  • In the last couple of years the Operating Margin of AVT has grown nicely.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

For an up to date full fundamental analysis you can check the fundamental report of AVT


This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.