November 15, 2018

Sysco Corporation Increases Quarterly Dividend $SYY




  • Sysco (NYSE:SYY) declares $0.39/share quarterly dividend, 8.3% increase from prior dividend of $0.36.
  • Forward yield 2.36%
  • Payable Jan. 25; for shareholders of record Jan. 4; ex-div Jan. 3.


Sysco Corporation (NYSE:SYY) today announced that the board of directors has approved an 8 percent increase in the quarterly cash dividend to $0.39 per share from the current $0.36 per share. The new dividend is payable on Jan. 25, 2019, to common stockholders of record at the close of business on Jan. 4, 2019.

“Through its dividends, Sysco has shared its success with its shareholders every quarter since our founding as a public company in 1970,” said Tom BenĂ©, Sysco’s president and chief executive officer. “It is an important part of our commitment to bring value to shareholders.”

The company remains committed to a prioritized capital allocation philosophy, including investing in its business with a Capital Expenditures forecast of approximately 1.2% of sales, consistently growing its dividend, participating in M&A and a balanced approach to share buybacks and paying down debt. Furthermore, the company has recently increased its pace of planned share repurchase activity and is announcing a modest increase from the planned amount of $1 billion in fiscal 2019 repurchases.

For more information, visit www.sysco.com


According the list of U.S. Dividend Champions Sysco is a Dividend Champions. Sysco Corporation has a 48-year dividend raising history.

Dividend Growth Rates
DGR
DGR
DGR
DGR
1-yr
3-yr
5-yr
10-yr
6.5
4.4
4.1
5.7



Dividend Yield Chart:



This is the historical trailing annual dividend yield of Sysco Corp. Buying stocks at higher yield relative its historical values is usually more profitable.


Payout Ratio:



This is the historical payout ratio of Sysco Corp. If payout ratio is close to or higher than 100%, dividends might not be sustainable.

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