Exploring NASDAQ:AVT's dividend characteristics.

Our stock screener has singled out AVNET INC (NASDAQ:AVT) as a promising choice for dividend investors. NASDAQ:AVT not only scores well in profitability, solvency, and liquidity but also offers a decent dividend. We'll explore this further.

What does the Dividend looks like for NASDAQ:AVT

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. NASDAQ:AVT earns a 7 out of 10:

• Compared to an average industry Dividend Yield of 1.86, 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 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.
• AVT pays out 32.30% of its income as dividend. This is a sustainable payout ratio.

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 6 out of 10:

• An Altman-Z score of 3.37 indicates that AVT is not in any danger for bankruptcy at the moment.
• AVT has a Debt to FCF ratio of 4.51. This is in the better half of the industry: AVT outperforms 60.80% 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 2.25 indicates that AVT has no problem at all paying its short term obligations.

Analyzing Profitability Metrics

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 2.77%, AVT is in the better half of the industry, outperforming 60.80% of the companies in the same industry.
• With a decent Return On Equity value of 6.92%, AVT is doing good in the industry, outperforming 64.80% of the companies in the same industry.
• With a decent Return On Invested Capital value of 8.06%, AVT is doing good in the industry, outperforming 76.00% 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 8.73%.
• AVT's Profit Margin has improved in the last couple of years.
• In the last couple of years the Operating Margin of AVT has grown nicely.

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