Sysco Corporation (SYY) to Issue Quarterly Dividend of $0.55 on July 24th

Sysco Corporation (NYSE:SYY) announced a quarterly dividend on Friday, April 17th. Investors 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 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 raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 57 years. Sysco has a dividend 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%.

Sysco Trading Up 0.7%

Shares of NYSE:SYY opened at $83.40 on Tuesday. Sysco has a 1 year low of $68.19 and a 1 year high of $91.85. The firm has a market capitalization of $39.88 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80. The business’s 50 day moving average price is $76.20 and its 200-day moving average price is $78.63.

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