Dividend Aristocrat Sysco Corp (SYY) will raise its quarterly dividend to $0.30 per share. Food services company Sysco now has increased its dividend 46 times since the IPO in 1970.

"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."

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.