Sysco Declares Increase To Quarterly Dividend From $0.50 To $0.51 Per Share
Portfolio Pulse from Benzinga Newsdesk
Sysco Corporation (NYSE:SYY) has announced an increase in its quarterly dividend from $0.50 to $0.51 per share, payable on July 26, 2024, to stockholders of record as of July 5, 2024. This decision highlights Sysco's commitment to shareholder returns and its status as a Dividend Aristocrat, with a planned annual dividend increase of $0.04 for fiscal year 2025.
April 25, 2024 | 9:06 pm
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Sysco Corporation increases its quarterly dividend to $0.51 per share, demonstrating a strong commitment to shareholder returns and maintaining its Dividend Aristocrat status.
Increasing dividends is generally viewed positively by the market as it signals confidence in the company's financial health and future prospects. As a Dividend Aristocrat, Sysco's consistent dividend increases further solidify its appeal to dividend investors, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
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