HOUSTON, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Sysco Corporation (SYY) today announced that the board of directors has approved a 15 percent increase in the quarterly cash dividend to $0.45 per share from the current $0.39 per share. The new dividend is payable on Jan. 24, 2020, to common stockholders of record at the close of business on Jan. 3, 2020.
“We are pleased to once again declare a dividend to be paid to our stockholders, something Sysco has done every quarter since our founding as a public company in 1970,” said Tom Bené, Sysco’s chairman, president and chief executive officer. “As we celebrate our 50th anniversary this fiscal year and look to the future, the substantial increase in the dividend announced today reaffirms our confidence in the strategic direction of our business and Sysco’s ongoing commitment to return value to its stockholders.”
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 69,000 associates, the company operates more than 320 distribution facilities worldwide and serves more than 650,000 customer locations. For fiscal 2019 that ended June 29, 2019, the company generated sales of more than $60 billion. Information about our Corporate Social Responsibility (CSR) program, including Sysco’s 2019 CSR Report, can be found at www.sysco.com/csr2019report.
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. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. 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.
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