Dividend Aristocrat Sysco Corporation (SYY) will raise its quarterly dividend by 4.4 percent to 47 cents per share in 2021. This comes after a dividend hike of 15.4 percent to $0.45 per share in 2020. SYY has now raised its dividend 51 consecutive years.
The next dividend is payable on July 23, 2021, to common stockholders of record at the close of business on July 2, 2021. A new annual rate of $1.88 per share yields 2.3% at a stock price of $80.50.
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.