Sysco increases dividend for 44th consecutive year

The quarterly dividend will be raised by 3,4%.

Sysco, the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home, will raise its quarterly dividend from $0,29 to $0,30 per share.

"The dividend increase announced today underscores Sysco's long-standing commitment to return value to its shareholders," said Bill DeLaney, Sysco's president and chief executive officer. "Sysco has paid a quarterly cash dividend every quarter since its founding as a public company in 1970 and has increased its dividend 46 times in that period."

The indicated dividend yield for Sysco is 3,1% based on the current stock price of $39,15.

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