E Daily Stock Pick: Avnet

That portfolio of stocks I've been building since September 3, 2019, named Volio, will, by August 28, hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the first of five technology sector stocks primed to join Volio as the ninth of nine representing the sector.  One of the stocks I discuss this week could become the fifty-first overall selection for Volio!

My subject today is a mid-cap electronics and computer distribution company named, Avnet Inc. Its trading ticker is AVT. This is my second report on Avnet Inc for this portfolio. Last I reported about them on July 1.

Avnet is a leading value-added distributor of electronic components. The company's customer base is composed of original equipment manufacturers, or OEMs, electronic manufacturing services, or EMS, providers and original design manufacturers, or ODMs.

The firm operates in two groups--electronic components and Farnell, the latter of which was acquired by Avnet in October 2016.

The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs.

With operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific, Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

I use three key data points to gauge dividend equities or funds like Avnet Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money.

AVT Price

Avnet's price per share closed at $28.37 yesterday. A year ago their price was $40.99. Price fell $12.62 or over 30% last year.

Assuming Avnet's stock trades in the range of $16 to $32 this year, its recent $28.37 price might rise by $1.63 to reach $30.00 by August 17, 2021.

AVT Dividends

Avnet's most recently declared quarterly dividend was $0.21, payable September 23rd. That Q dividend equates to $0.84  annually and yields 2.96% at yesterday's $28.37 share price.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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