Sysco Increases Dividend for 41st Consecutive Year

Sysco Corporation [[SYY]] announced today that the company will increase their quarterly dividend by 4% to $.26 per share.

 

Following the $.01 per share dividend increase, SYY shares will yield 3.6% based on yesterday’s closing price.

 

The food stock has an impressive history of returning cash to their investors. Today’s announcement will mark the 41st consecutive annual dividend increase from Sysco.

 

“We understand the importance of the dividend to our shareholders and are pleased to once again increase the annual dividend,” said Bill DeLaney, Sysco’s president and chief executive officer. “Fiscal year 2011 will be the 42nd year in a row that we have paid a dividend to our shareholders – a testament to Sysco’s consistently strong balance sheet and cash flow throughout the years.”

 

The increased dividend will be paid on January 28, 2011 to shareholders of record as of January 7, 2011.

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