Dividend Aristocrat Sysco (SYY) will raise its quarterly dividend 3.6 percent. The company now has increased its dividend for 44 consecutive years.
Sysco will increase its quarterly payout to $0.29 per share, resulting in a new dividend yield of 3.4% at the current stock price of $33.69. Sysco now has increased its dividend for 44 consecutive years.
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.