Sysco Declares 51st Dividend Increase
HOUSTON, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the board of directors has approved a 15 percent increase in the quarterly cash dividend to $0.45 per share from the current $0.39 per share. The new dividend is payable on Jan. 24, 2020, to common stockholders of record at the close of business on Jan. 3, 2020.
“We are pleased to once again declare a dividend to be paid to our stockholders, something Sysco has done every quarter since our founding as a public company in 1970,” said Tom Bené, Sysco’s chairman, president and chief executive officer. “As we celebrate our 50th anniversary this fiscal year and look to the future, the substantial increase in the dividend announced today reaffirms our confidence in the strategic direction of our business and Sysco’s ongoing commitment to return value to its stockholders.”
About Sysco
Sysco is the global leader in selling, marketing and distributing 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. With more than 69,000 associates, the company operates more than 320 distribution facilities worldwide and serves more than 650,000 customer locations. For fiscal 2019 that ended June 29, 2019, the company generated sales of more than $60 billion. Information about our Corporate Social Responsibility (CSR) program, including Sysco’s 2019 CSR Report, can be found at .
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For more information contact:
Shannon Mutschler
Media Contact
T 281-584-4059
