Sysco Corporation (NYSE:SYY) Announces Quarterly Dividend of $0.55

Sysco Corporation (NYSE:SYY) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Friday, October 2nd will be given a dividend of 0.55 per share on Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 2nd.

Sysco has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 57 consecutive years. Sysco has a payout ratio of 47.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sysco to earn $5.37 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 41.0%.

Sysco Trading Up 0.9%

NYSE SYY opened at $83.21 on Friday. Sysco has a one year low of $68.19 and a one year high of $91.85. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.28 and a quick ratio of 0.77. The firm has a market cap of $39.84 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.82 and a beta of 0.64. The stock’s 50-day moving average is $82.55 and its 200-day moving average is $80.62.

Sysco (NYSE:SYY) last posted its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The business had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $21.95 billion. During the same period in the prior year, the business earned $1.48 EPS. Sysco’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. Sell-side analysts anticipate that Sysco will post 5.1 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.