Sysco Aktie News

Sysco And Grainger Among 10 Companies To Announce Annual Dividend Increases In Second Half Of April

Sysco is a leading seller and distributor of food products and has upped its dividends for 54 consecutive years. Grainger is an industrial supply company and boasts a 52-year streak of dividend increases.

12 expected dividend increases in April 2024. Dividend growth is crucial for reaching financial freedom and combating high inflation.

Sysco President and CEO Kevin Hourican announced the generous donation at a news conference with Louisville Mayor Craig Greenberg and Louisville Fire Chief Brian O'Neill Sysco President and CEO Kevin Hourican announced the generous donation at a news conference with Louisville Mayor Craig Greenberg and Louisville Fire Chief Brian O'Neill

LOUISVILLE, Ky., March 21, 2024 (GLOBE NEWSWIRE) -- WHAT: On Friday, March 22, 2024, at 11:45 am ET, Sysco CEO Kevin Hourican, Louisville Mayor Craig Greenberg and Louisville Fire Chief Brian O'Neill will announce generous monetary and food donations made to honor the heroic efforts of first responders who rescued a Sysco delivery driver after a March 1st accident on the Clark Memorial Bridge.

Sysco Corporation has lagged behind the overall market but is expected to see upside with improving volume trends and recovered margins since COVID-19. The company offers a reliable dividend with a yield of 2.6% and a payout ratio of 47%. Sysco's recent financial results led to a 7.5% jump in stock price, and the author's valuation suggests a potential 25% increase from the current price.

HOUSTON, Feb. 21, 2024 (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 April 26, 2024, to common stockholders of record at the close of business on April 5, 2024.

Sysco holds a leadership position in a market that's difficult to disrupt. Home Depot is experiencing a rough patch, but has strong long-term catalysts.