Sysco Corporation (NYSE:SYY) to Issue $0.54 Quarterly Dividend

Sysco Corporation (NYSE:SYY) declared a quarterly dividend on Wednesday, August 20th, RTT News reports. Shareholders of record on Friday, October 3rd will be paid a dividend of 0.54 per share on Friday, October 24th. This represents a c) annualized dividend and a yield of 2.7%.

Sysco has a dividend 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 Stock Up 1.7%

Shares of SYY opened at $80.8660 on Thursday. The company has a market capitalization of $39.20 billion, a PE ratio of 21.68, a PEG ratio of 2.46 and a beta of 0.83. Sysco has a 12 month low of $67.12 and a 12 month high of $82.64. The stock’s 50-day moving average price is $77.93 and its two-hundred day moving average price is $74.27. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. The firm had revenue of $21.14 billion for the quarter, compared to the consensus estimate of $21.01 billion. Sysco had a return on equity of 109.52% and a net margin of 2.25%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, analysts anticipate that Sysco will post 4.58 EPS for the current year.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products 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.