Dividend Aristocrat Sysco raises dividend for 47th year in 2017

Dividend Aristocrat Sysco Corporation (SYY) will raise its quarterly dividend to $0.36 per share with the first payment to be made in Q1 of 2018.

The quarterly dividend will be raised by 9.1 percent to $0.36 per share in Q1 of 2018. The new dividend yield for SYY is 2.6%. This year is the 47th straight year of annual dividend increases.

The new dividend is payable on Jan. 26, 2018, to common stockholders of record at the close of business on Jan. 5, 2018.
Sysco stock performance 2017
Dividend Aristocrat Sysco's stock price is down 0.8 percent in 2017

“Sysco is committed to returning value to our stockholders,” said Bill DeLaney, Sysco’s chief executive officer. “Sysco has paid a cash dividend every quarter since our founding as a public company in 1970. Since then, the dividend has increased 49 times.”

Last year Sysco increased its dividend for the 46th consecutive year.

Sysco Corporation a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The company sells food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries.

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