Uncovering Dividend Opportunities with 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.

How We Gauge Dividend for NASDAQ:AVT

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NASDAQ:AVT scores a 7 out of 10:

• Compared to an average industry Dividend Yield of 1.89, AVT pays a better dividend. On top of this AVT pays more dividend than 96.67% 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 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 35.64% of its income as dividend. This is a sustainable payout ratio.

How do we evaluate the Health for 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:

• An Altman-Z score of 3.46 indicates that AVT is not in any danger for bankruptcy at the moment.
• The Debt to FCF ratio of AVT is 2.36, which is a good value as it means it would take AVT, 2.36 years of fcf income to pay off all of its debts.
• AVT's Debt to FCF ratio of 2.36 is fine compared to the rest of the industry. AVT outperforms 71.67% of its industry peers.
• Even though the debt/equity ratio score it not favorable for AVT, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
• AVT has a Current Ratio of 2.39. This indicates that AVT is financially healthy and has no problem in meeting its short term obligations.

Profitability Assessment of NASDAQ:AVT

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:AVT has achieved a 5:

• AVT has a better Return On Equity (6.56%) than 63.33% of its industry peers.
• AVT's Return On Invested Capital of 7.34% is fine compared to the rest of the industry. AVT outperforms 70.83% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for AVT is above the industry average of 8.98%.
• 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.

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.