- 6% increase in Sysco's quarterly dividend to $0.54 per share.
- Dividend increase aligns with Sysco's status as a Dividend Aristocrat.
- Sysco reported sales exceeding $78 billion in fiscal year 2024.
Sysco Corporation (SYY, Financial) has announced a 6% increase in its quarterly cash dividend, raising it from $0.51 to $0.54 per share. This enhanced dividend will be distributed on July 25, 2025, to shareholders recorded as of July 3, 2025.
This dividend increment represents a $0.12 annual increase for the fiscal year 2026, reinforcing Sysco's reputation as a Dividend Aristocrat. The organization aims to keep a dividend payout ratio between 40% and 50% of adjusted earnings per share (EPS), ensuring sustainable returns for investors.
As a global leader in food-away-from-home distribution, Sysco operates 340 distribution centers across 10 countries. With a workforce of 76,000 employees, Sysco serves approximately 730,000 customer locations. The company reported impressive sales of over $78 billion for the fiscal year 2024, which concluded on June 29, 2024.
