Analyzing NASDAQ:AVT's Dividend Potential.

Last update: Aug 29, 2024

Our stock screener has spotted AVNET INC (NASDAQ:AVT) as a good dividend stock with solid fundamentals. NASDAQ:AVT shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

Dividend Analysis for NASDAQ:AVT

ChartMill employs its own Dividend Rating system for all stocks. This score, on a scale of 0 to 10, is determined by evaluating different dividend factors, such as yield, historical performance, dividend growth, and sustainability. NASDAQ:AVT has been assigned a 8 for dividend:

Compared to an average industry Dividend Yield of 1.92, AVT pays a better dividend. On top of this AVT pays more dividend than 96.03% of the companies listed in the same industry.
The dividend of AVT is nicely growing with an annual growth rate of 9.30%!
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 22.45% of its income as dividend. This is a sustainable payout ratio.
The dividend of AVT is growing, but earnings are growing more, so the dividend growth is sustainable.

Understanding NASDAQ:AVT's Health Score

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 3.59. This indicates that AVT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of AVT (3.59) is better than 63.49% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that AVT is not too dependend on debt financing.
A Current Ratio of 2.32 indicates that AVT has no problem at all paying its short term obligations.

A Closer Look at Profitability for NASDAQ:AVT

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NASDAQ:AVT scores a 5 out of 10:

The Return On Assets of AVT (4.08%) is better than 66.67% of its industry peers.
The Return On Equity of AVT (10.13%) is better than 74.60% of its industry peers.
With a decent Return On Invested Capital value of 9.11%, AVT is doing good in the industry, outperforming 78.57% of the companies in the same industry.
AVT's Profit Margin has improved in the last couple of years.
AVT's Operating Margin has improved in the last couple of years.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

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

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.