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

Sysco Corporation (NYSE:SYY) declared a quarterly dividend on Friday, April 17th. Shareholders of record on Thursday, July 2nd will be given 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 of this dividend is Thursday, July 2nd. This is a 1.9% increase from Sysco’s previous quarterly dividend of $0.54.

Sysco has raised its dividend payment 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% indicating that its dividend is sufficiently covered by earnings. Research 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%.

Sysco Stock Performance

Shares of SYY stock opened at $83.40 on Tuesday. Sysco has a 52-week low of $68.19 and a 52-week high of $91.85. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The stock has a market cap of $39.88 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The business has a 50-day simple moving average of $76.20 and a 200-day simple moving average of $78.63.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The company had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.56 billion. Sysco had a return on equity of 103.57% and a net margin of 2.08%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.96 earnings per share. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. On average, equities analysts expect that Sysco will post 4.59 EPS for the current year.

Sysco Company Profile

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.