Sysco Corporation (NYSE:SYY) Declares $0.55 Quarterly Dividend

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 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% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NYSE:SYY opened at $83.21 on Friday. The company has a market cap of $39.84 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.82 and a beta of 0.64. The business has a 50 day moving average price of $82.55 and a 200 day moving average price of $80.62. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 4.62. Sysco has a twelve month low of $68.19 and a twelve month high of $91.85.

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