Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen foods, such as meats, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware, which include pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. As of August 27, 2021, it operated 343 distribution facilities. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.
Sysco Dividend Announcement
• Sysco announced a quarterly dividend of $0.51 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-10-04
• Sysco annual dividend for 2024 was $2.02
• Sysco annual dividend for 2023 was $1.98
• Sysco's trailing twelve-month (TTM) dividend yield is 2.7%
• Sysco's payout ratio for the trailing twelve months (TTM) is 51.82%
• Sysco's dividend growth over the last five years (2018-2023) was 6.58% year
• Sysco's dividend growth over the last ten years (2013-2023) was 3.45% year
Sysco Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-04 | $0.51 | quarterly | 2024-10-25 |
2024-07-05 | $0.51 | quarterly | 2024-07-26 |
2024-04-04 | $0.50 | quarterly | 2024-04-26 |
2024-01-04 | $0.50 | quarterly | 2024-01-26 |
2023-10-05 | $0.50 | quarterly | 2023-10-27 |
2023-07-06 | $0.50 | quarterly | 2023-07-28 |
2023-04-05 | $0.49 | quarterly | 2023-04-28 |
2023-01-05 | $0.49 | quarterly | 2023-01-27 |
2022-10-06 | $0.49 | quarterly | 2022-10-28 |
2022-06-30 | $0.49 | quarterly | 2022-07-22 |
2022-03-31 | $0.47 | quarterly | 2022-04-22 |
2022-01-06 | $0.47 | quarterly | 2022-01-28 |
2021-09-30 | $0.47 | quarterly | 2021-10-22 |
2021-07-01 | $0.47 | quarterly | 2021-07-23 |
2021-03-31 | $0.45 | quarterly | 2021-04-23 |
2021-01-07 | $0.45 | quarterly | 2021-01-29 |
2020-10-01 | $0.45 | quarterly | 2020-10-23 |
2020-07-01 | $0.45 | quarterly | 2020-07-24 |
2020-04-02 | $0.45 | quarterly | 2020-04-24 |
2020-01-02 | $0.45 | quarterly | 2020-01-24 |
2019-10-03 | $0.39 | quarterly | 2019-10-25 |
2019-07-03 | $0.39 | quarterly | 2019-07-26 |
2019-04-04 | $0.39 | quarterly | 2019-04-26 |
2019-01-03 | $0.39 | quarterly | 2019-01-25 |
2018-10-04 | $0.36 | quarterly | 2018-10-26 |
2018-07-05 | $0.36 | quarterly | 2018-07-27 |
2018-04-05 | $0.36 | quarterly | 2018-04-27 |
2018-01-04 | $0.36 | quarterly | 2018-01-26 |
2017-10-05 | $0.33 | quarterly | 2017-10-27 |
2017-07-05 | $0.33 | quarterly | 2017-07-28 |
2017-04-05 | $0.33 | quarterly | 2017-04-28 |
2017-01-04 | $0.33 | quarterly | 2017-01-27 |
2016-10-05 | $0.31 | quarterly | 2016-10-28 |
2016-06-29 | $0.31 | quarterly | 2016-07-22 |
2016-03-30 | $0.31 | quarterly | 2016-04-22 |
2016-01-06 | $0.31 | quarterly | 2016-01-22 |
2015-09-30 | $0.30 | quarterly | 2015-10-23 |
2015-06-30 | $0.30 | quarterly | 2015-07-24 |
2015-03-31 | $0.30 | quarterly | 2015-04-24 |
2014-12-30 | $0.30 | quarterly | 2015-01-23 |
2014-10-01 | $0.29 | quarterly | 2014-10-24 |
2014-07-01 | $0.29 | quarterly | 2014-07-25 |
2014-04-02 | $0.29 | quarterly | 2014-04-25 |
2013-12-31 | $0.29 | quarterly | 2014-01-24 |
2013-10-02 | $0.28 | quarterly | 2013-10-25 |
2013-07-02 | $0.28 | quarterly | 2013-07-26 |
2013-04-03 | $0.28 | quarterly | 2013-04-26 |
2013-01-02 | $0.28 | quarterly | 2013-01-25 |
Sysco Dividend per year
Sysco Dividend growth
Sysco Dividend Yield
Sysco current trailing twelve-month (TTM) dividend yield is 2.7%. Interested in purchasing Sysco stock? Use our calculator to estimate your expected dividend yield:
Sysco Financial Ratios
Sysco Dividend FAQ
Other factors to consider when evaluating Sysco as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Sysco's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Sysco publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Sysco distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Sysco are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Sysco sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Sysco distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sysco declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Sysco's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Sysco's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.