Sysco Declares Quarterly Dividend Payment

Rhea-AI Summary

Sysco Corporation (NYSE:SYY) announced a quarterly cash dividend of $0.45 per share. This dividend will be paid on April 23, 2021, to stockholders of record as of April 1, 2021. With a workforce of over 57,000 associates, Sysco operates 326 distribution facilities globally, serving more than 625,000 customer locations. For the fiscal year ending June 27, 2020, Sysco generated over $52 billion in sales.

Positive

• Quarterly cash dividend of $0.45 per share enhances shareholder income.
• Strong revenue generation of over $52 billion for fiscal 2020 reflects robust business performance.

Negative

• None.

HOUSTON, Feb. 25, 2021 (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 April 23, 2021, to common stockholders of record at the close of business on April 1, 2021.

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 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 CSR program, including Sysco’s 2020 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2020report.

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. 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
Shannon.Mutschler@sysco.com	Rachel.Lee@sysco.com
T 281-584-4059	T 281-436-7815

 

FAQ

What is the dividend amount for Sysco Corporation in 2021?

The dividend amount declared is $0.45 per share.

When will Sysco's dividend be paid?

The dividend will be payable on April 23, 2021.

What is the record date for Sysco's dividend payment?

The record date for the dividend is April 1, 2021.

How much revenue did Sysco generate in fiscal 2020?

Sysco generated over $52 billion in sales for fiscal 2020.