Why NASDAQ:AVT qualifies as a good dividend investing stock.

Take a closer look at AVNET INC (NASDAQ:AVT), a stock of interest to dividend investors uncovered by our stock screener. NASDAQ:AVT excels in fundamentals and provides a decent dividend, all while maintaining a reasonable valuation. Let's break it down further.

Assessing Dividend Metrics for 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 8 out of 10:

• AVT's Dividend Yield is rather good when compared to the industry average which is at 1.95. AVT pays more dividend than 96.00% of the companies in the same industry.
• On average, the dividend of AVT grows each year by 9.30%, which is quite nice.
• AVT has been paying a dividend for at least 10 years, so it has a reliable track record.
• AVT has not decreased their dividend for at least 10 years, which is a reliable track record.
• 22.45% of the earnings are spent on dividend by AVT. This is a low number and sustainable payout ratio.
• The dividend of AVT is growing, but earnings are growing more, so the dividend growth is sustainable.

A Closer Look at Health 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:

• An Altman-Z score of 3.58 indicates that AVT is not in any danger for bankruptcy at the moment.
• AVT has a better Altman-Z score (3.58) than 62.40% of its industry peers.
• A Debt/Equity ratio of 0.49 indicates that AVT is not too dependend on debt financing.
• AVT has a Current Ratio of 2.32. This indicates that AVT is financially healthy and has no problem in meeting its short term obligations.

Profitability Examination 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:

• AVT has a better Return On Assets (4.08%) than 67.20% of its industry peers.
• AVT's Return On Equity of 10.13% is fine compared to the rest of the industry. AVT outperforms 74.40% of its industry peers.
• Looking at the Return On Invested Capital, with a value of 9.11%, AVT is in the better half of the industry, outperforming 78.40% of the companies in the same industry.
• AVT had an Average Return On Invested Capital over the past 3 years of 11.06%. This is above the industry average of 9.05%.
• In the last couple of years the Profit Margin of AVT has grown nicely.
• AVT's Operating Margin has improved in the last couple of years.

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

Check the latest full fundamental report of AVT for a complete fundamental analysis.

Keep in mind

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.