Why the dividend investor may take a look at NASDAQ:AVT.

Our stock screening tool has identified AVNET INC (NASDAQ:AVT) as a strong dividend contender with robust fundamentals. NASDAQ:AVT exhibits commendable financial health and profitability, all while offering a sustainable dividend. Let's delve into each aspect below.

Dividend Insights: NASDAQ:AVT

ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NASDAQ:AVT was assigned a score of 7 for dividend:

• Compared to an average industry Dividend Yield of 1.90, AVT pays a better dividend. On top of this AVT pays more dividend than 96.69% 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 been paying a dividend for at least 10 years, so it has a reliable track record.
• AVT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
• 32.30% of the earnings are spent on dividend by AVT. This is a low number and sustainable payout ratio.

Health Insights: NASDAQ:AVT

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:AVT scores a 6 out of 10:

• AVT has an Altman-Z score of 3.35. This indicates that AVT is financially healthy and has little risk of bankruptcy at the moment.
• The Debt to FCF ratio of AVT (4.51) is better than 60.33% 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.
• AVT has a Current Ratio of 2.25. This indicates that AVT is financially healthy and has no problem in meeting its short term obligations.

Understanding NASDAQ:AVT's Profitability

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 Return On Equity of 6.92%. This is in the better half of the industry: AVT outperforms 62.81% of its industry peers.
• AVT has a Return On Invested Capital of 8.06%. This is in the better half of the industry: AVT outperforms 74.38% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for AVT is above the industry average of 9.03%.
• In the last couple of years the Profit Margin of AVT has grown nicely.
• In the last couple of years the Operating Margin of AVT has grown nicely.

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

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.