Balancing Dividends and Fundamentals: The Case of NASDAQ:AVT.

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.

Dividend Insights: 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:

• AVT's Dividend Yield is rather good when compared to the industry average which is at 1.91. AVT pays more dividend than 96.03% of the companies 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.
• AVT pays out 19.37% of its income as dividend. This is a sustainable payout ratio.

What does the Health looks like for NASDAQ:AVT

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:AVT has achieved a 5 out of 10:

• AVT has an Altman-Z score of 3.64. This indicates that AVT is financially healthy and has little risk of bankruptcy at the moment.
• AVT's Altman-Z score of 3.64 is fine compared to the rest of the industry. AVT outperforms 68.25% of its industry peers.
• A Debt/Equity ratio of 0.48 indicates that AVT is not too dependend on debt financing.
• AVT has a Current Ratio of 2.33. This indicates that AVT is financially healthy and has no problem in meeting its short term obligations.

Assessing Profitability for NASDAQ:AVT

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:AVT, the assigned 5 is a significant indicator of profitability:

• Looking at the Return On Assets, with a value of 4.64%, AVT is in the better half of the industry, outperforming 70.63% of the companies in the same industry.
• AVT has a Return On Equity of 11.45%. This is amongst the best in the industry. AVT outperforms 80.16% of its industry peers.
• AVT has a Return On Invested Capital of 10.48%. This is in the better half of the industry: AVT outperforms 79.37% of its industry peers.
• 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.
• AVT's Operating Margin has improved in the last couple of years.

More Best Dividend stocks can be found in our Best Dividend screener.

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

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.