Sysco Declares Quarterly Dividend Payment

Rhea-AI Summary

On August 21, 2020, Sysco Corporation (NYSE: SYY) declared a quarterly cash dividend of $0.45 per share, payable on October 23, 2020, to stockholders of record by the end of business on October 2, 2020. In fiscal 2020, Sysco reported sales exceeding $52 billion, reflecting its position as a leader in food product distribution for various establishments including restaurants and healthcare facilities. The announcement signifies continued shareholder returns amidst its extensive global operations.

Positive

• Declared a quarterly cash dividend of $0.45 per share.
• Demonstrated strong sales performance of over $52 billion in fiscal 2020.

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• None.

HOUSTON, Aug. 21, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.45 per share, payable on October 23, 2020, to common stockholders of record at the close of business on October 2, 2020.

About Sysco

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 57,000 associates, the company operates approximately 326 distribution facilities worldwide and serves more than 625,000 customer locations. For fiscal 2020 that ended June 27, 2020, the company generated sales of more than $52 billion. Information about our Corporate Social Responsibility (CSR) program, including Sysco’s 2019 CSR Report, can be found at sysco.com/csr2019report.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.

For more information contact:
Shannon Mutschler	Rachel Lee
Media Contact	Investor Relations Contact
mutschler.shannon@corp.sysco.com	lee.rachel@corp.sysco.com
T 281-584-4059	T 281-436-7815

FAQ

What is the amount of the upcoming dividend for Sysco (SYY)?

The upcoming dividend for Sysco (SYY) is $0.45 per share.

When will Sysco's dividend be paid?

Sysco's dividend will be paid on October 23, 2020.

Who is eligible for Sysco's dividend payment?

Stockholders of record as of October 2, 2020, are eligible for the dividend payment.

What were Sysco's sales figures for fiscal 2020?

Sysco reported sales exceeding $52 billion for fiscal 2020.