Dividend Aristocrat Sysco Corporation (SYY) will raise its quarterly dividend by 8.3 percent to $0.39 per share in the first quarter of 2019. The new dividend yield for SYY is 2.4%.

The new dividend is payable on Jan. 25, 2019, to common stockholders of record at the close of business on Jan. 4, 2019.

“Through its dividends, Sysco has shared its success with its shareholders every quarter since our founding as a public company in 1970,” said Tom Bené, Sysco’s president and chief executive officer. “It is an important part of our commitment to bring value to shareholders.”

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. Sysco has paid a cash dividend every quarter since its founding as a public company in 1970.