Exploring NASDAQ:AVT's dividend characteristics.

Consider AVNET INC (NASDAQ:AVT) as a top pick for dividend investors, identified by our stock screening tool. NASDAQ:AVT shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

Assessing Dividend Metrics for NASDAQ:AVT

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NASDAQ:AVT has received a 7 out of 10:

• Compared to an average industry Dividend Yield of 1.66, AVT pays a better dividend. On top of this AVT pays more dividend than 96.83% 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.

Health Analysis for NASDAQ:AVT

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NASDAQ:AVT, the assigned 5 reflects its health status:

• An Altman-Z score of 3.68 indicates that AVT is not in any danger for bankruptcy at the moment.
• With a decent Altman-Z score value of 3.68, AVT is doing good in the industry, outperforming 65.08% of the companies in the same industry.
• A Debt/Equity ratio of 0.48 indicates that AVT is not too dependend on debt financing.
• A Current Ratio of 2.33 indicates that AVT has no problem at all paying its short term obligations.

Assessing 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 70.63% of its industry peers.
• Looking at the Return On Equity, with a value of 11.45%, AVT is in the better half of the industry, outperforming 79.37% of the companies in the same industry.
• AVT's Return On Invested Capital of 10.48% is fine compared to the rest of the industry. AVT outperforms 78.57% of its industry peers.
• The 3 year average ROIC (9.91%) for AVT is below the current ROIC(10.48%), indicating increased profibility in the last year.
• In the last couple of years the Operating Margin of AVT has grown nicely.

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Our latest full fundamental report of AVT contains the most current fundamental analsysis.

Disclaimer

This article should in no way be interpreted as advice. 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.