Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Avnet, Inc. is a global technology solutions company that operates primarily in the electronic components distribution and technology solutions industries. The company serves as an intermediary between electronic component manufacturers and customers by providing supply chain, design, and logistics services that support the development and production of electronic systems. Avnet’s primary revenue drivers are the sale and distribution of semiconductors, interconnect, passive, and electromechanical components, as well as value-added services that support product design and lifecycle management.
The company serves a broad range of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), contract manufacturers, and engineers across industrial, automotive, communications, aerospace and defense, and data center markets. Avnet’s strategic positioning is based on scale, long-standing supplier relationships, and technical design support capabilities that embed the company early in customers’ product development cycles. Founded in 1921 in Phoenix, Arizona, Avnet evolved from a regional electronics distributor into a global enterprise through organic expansion and acquisitions, adapting its business model to increasingly complex and globalized electronics supply chains.
Business Operations
Avnet generates revenue through two primary operating segments: Electronics Marketing and Farnell. The Electronics Marketing segment is the company’s largest business and focuses on the global distribution of electronic components, including semiconductors and related products, to OEMs and manufacturing customers. This segment emphasizes design-led selling, supply chain services, and lifecycle support. The Farnell segment operates a high-service, digital-focused distribution model serving engineers and small-to-medium enterprises under well-known brands such as Farnell, element14, and Newark.
The company operates extensive domestic and international distribution networks, supported by logistics centers, digital commerce platforms, and technical support resources. Avnet controls proprietary IT systems, demand forecasting tools, and design support technologies that enable close integration with both suppliers and customers. The company maintains long-term partnerships with leading semiconductor and component manufacturers and operates through numerous wholly owned subsidiaries that support regional sales, logistics, and engineering services.
Strategic Position & Investments
Avnet’s strategic direction emphasizes deepening its role in the electronics value chain by expanding design and engineering services, enhancing digital commerce capabilities, and improving supply chain resilience. Growth initiatives include investments in data analytics, automation, and customer-facing digital platforms, particularly within the Farnell segment, which targets engineers earlier in the design process.
The company has historically pursued selective acquisitions to strengthen technical capabilities and expand geographic reach, while also investing internally to improve operational efficiency and working capital management. Avnet is actively involved in emerging technology areas such as industrial automation, electric vehicles, advanced computing, and internet-connected devices, leveraging supplier relationships and technical expertise to participate in long-term secular growth trends within the electronics industry.
Geographic Footprint
Avnet is headquartered in Phoenix, Arizona, and operates globally across North America, Europe, Asia-Pacific, and select markets in Latin America. The company maintains sales offices, distribution centers, and design support facilities in dozens of countries, enabling it to serve multinational customers with consistent supply chain and engineering support.
International operations account for a substantial portion of Avnet’s revenue, with particularly strong market presence in Western Europe and Greater China, reflecting the concentration of electronics manufacturing and design activity in those regions. Through its global infrastructure, Avnet supports cross-border supply chains and provides localized services tailored to regional market requirements.
Leadership & Governance
Avnet is led by an executive team with deep experience in global distribution, technology markets, and operational management. The leadership emphasizes disciplined capital allocation, customer-centric solutions, and long-term value creation through strong supplier and customer relationships.
Key executives include:
- Phil Gallagher – Chief Executive Officer
- Ken Jacobson – Chief Financial Officer
- Bill Amelio – Chairman of the Board
- Javier Benavente – President, Electronics Marketing
- Stacey Hess – Chief Legal Officer and Secretary
The company’s governance framework reflects public company standards, with oversight provided by an independent board of directors and strategic priorities aligned with sustainable growth, operational excellence, and risk management.