Sysco Corporation (NYSE:SYY) to Issue $0.54 Quarterly Dividend

Sysco Corporation (NYSE:SYY) declared a quarterly dividend on Wednesday, November 12th. Stockholders of record on Friday, January 2nd will be paid a dividend of 0.54 per share on Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, January 2nd.

Sysco has raised its dividend payment 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 payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Sysco to earn $4.94 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 43.7%.

Sysco Price Performance

NYSE:SYY opened at $75.39 on Thursday. The stock’s fifty day moving average is $79.11 and its two-hundred day moving average is $77.16. Sysco has a 52 week low of $67.12 and a 52 week high of $83.47. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 5.54. The company has a market capitalization of $36.10 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.19 and a beta of 0.79.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, October 28th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The company had revenue of $21.15 billion during the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a return on equity of 112.04% and a net margin of 2.21%.Sysco’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. Equities analysts expect that Sysco will post 4.58 EPS for the current year.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.