Sysco Corporation (NYSE:SYY) Increases Dividend to $0.55 Per Share

Sysco Corporation (NYSE:SYY – Get Free Report) announced a quarterly dividend on Friday, April 17th. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.55 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 2nd. This is a 1.9% increase from Sysco’s previous quarterly dividend of $0.54.

Sysco has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 57 years. Sysco has a payout ratio of 47.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sysco to earn $4.96 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 44.4%.

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Sysco Stock Up 0.7%

Shares of SYY opened at $83.40 on Tuesday. The firm has a 50 day simple moving average of $76.20 and a two-hundred day simple moving average of $78.63. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. Sysco has a one year low of $68.19 and a one year high of $91.85. The company has a market cap of $39.88 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.38 and a beta of 0.65.

Sysco (NYSE:SYY – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Research analysts forecast that Sysco will post 4.59 EPS for the current fiscal year.

Sysco Company Profile

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Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.

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