Phoenix-based global technology solutions provider Avnet, Inc. (Nasdaq: AVT) announced last week that its board of directors approved a regular quarterly cash dividend of $0.26 per share.

The dividend will be paid on March 16 to shareholders of record as of the close of business on March 2.

Avnet last month reported 2022 fiscal second-quarter sales of $5.9 billion, a 25.6% increase over the same period in 2021.