- 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
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:
No comments:
Post a Comment