Sysco Corporation (SYY) To Go Ex-Dividend on July 2nd

Sysco Corporation (NYSE:SYY) declared a quarterly dividend on Friday, April 17th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.55 per share on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, July 2nd. This is a 1.9% increase from Sysco’s previous quarterly dividend of $0.54.

Sysco has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 57 consecutive years. Sysco has a payout ratio of 47.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sysco to earn $4.96 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 44.4%.

Sysco Trading Up 0.7%

Shares of SYY stock opened at $83.40 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 5.58. The firm has a market cap of $39.88 billion, a P/E ratio of 23.10, a PEG ratio of 3.38 and a beta of 0.65. The company has a 50 day moving average of $76.20 and a 200-day moving average of $78.63. Sysco has a 12-month low of $68.19 and a 12-month high of $91.85.

Sysco (NYSE:SYY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). Sysco had a net margin of 2.08% and a return on equity of 103.57%. The firm had revenue of $20.52 billion during the quarter, compared to analysts’ expectations of $20.56 billion. During the same quarter in the previous year, the company posted $0.96 EPS. Sysco’s revenue for the quarter was up 4.7% on a year-over-year basis. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Sell-side analysts anticipate that Sysco will post 4.59 earnings per share for the current 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.