Sysco Declares Quarterly Dividend Payment

Rhea-AI Summary

Sysco Corporation (NYSE:SYY) Declares $0.50 Quarterly Cash Dividend

Positive

• Sysco Corporation continues to provide value to its shareholders with a $0.50 per share cash dividend
• Regular dividends can attract long-term investors seeking steady income
• The announcement demonstrates the company's confidence in its financial position and future prospects

Negative

• None.

HOUSTON, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.50 per share, payable on Jan. 26, 2024, to common stockholders of record at the close of business on Jan. 5, 2024.

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 72,000 colleagues, the company operates 334 distribution facilities worldwide and serves approximately 725,000 customer locations. For fiscal year 2023 that ended July 1, 2023, the company generated sales of more than $76 billion. Information about our Sustainability program, including Sysco’s 2022 Sustainability Report and 2022 Diversity, Equity & Inclusion Report, can be found at www.sysco.com.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoFoods. 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. 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:                                                                        

Kevin Kim                                         
Investor Contact
kevin.kim@sysco.com
T 281-584-1219              

Shannon Mutschler
Media Contact
shannon.mutschler@sysco.com
T 281-584-4059

FAQ

What is the dividend amount declared by Sysco Corporation?

Sysco Corporation declared a regular quarterly cash dividend of $0.50 per share.

When will the dividend be payable to common stockholders?

The dividend will be payable on Jan. 26, 2024.

When is the record date for the dividend?

Common stockholders of record at the close of business on Jan. 5, 2024, will be eligible for the dividend.