Sysco Corporation (NYSE:SYY) Plans $0.54 Quarterly Dividend

Sysco Corporation (NYSE:SYY) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Thursday, April 2nd will be paid a dividend of 0.54 per share on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, April 2nd.

Sysco has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 57 consecutive years. Sysco has a payout ratio of 46.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sysco to earn $4.94 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 43.7%.

Sysco Trading Up 1.7%

SYY stock traded up $1.53 during trading on Friday, hitting $90.65. The company had a trading volume of 706,715 shares, compared to its average volume of 4,104,021. The company has a quick ratio of 0.75, a current ratio of 1.30 and a debt-to-equity ratio of 5.45. The firm has a market capitalization of $43.42 billion, a P/E ratio of 24.38, a PEG ratio of 2.77 and a beta of 0.61. The company has a 50 day simple moving average of $80.70 and a 200-day simple moving average of $79.04. Sysco has a 52-week low of $67.12 and a 52-week high of $91.85.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The firm had revenue of $20.76 billion during the quarter, compared to the consensus estimate of $20.80 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, research analysts forecast that Sysco will post 4.58 earnings per share for the current fiscal year.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.