Sysco declares $0.54 quarterly dividend payable in October

HOUSTON - Sysco Corporation (NYSE:SYY) announced Wednesday that its Board of Directors has declared a regular quarterly cash dividend of $0.54 per share, maintaining its impressive 55-year streak of consecutive dividend payments. The dividend will be payable on October 24, 2025, to common stockholders of record at the close of business on October 3, 2025. According to InvestingPro, the company has raised its dividend for 9 consecutive years, with a current yield of 2.7%.

Sysco, which describes itself as the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home, operates 337 distribution centers across 10 countries with approximately 75,000 employees. The company serves around 730,000 customer locations, including restaurants, healthcare and educational facilities, lodging establishments, and entertainment venues. With a market capitalization of $38.7 billion and a strong financial health score rated as "Good" by InvestingPro, Sysco maintains solid market leadership in the Consumer Staples Distribution sector.

The food-away-from-home distributor reported sales exceeding $81 billion for fiscal year 2025, which ended June 28, 2025.

The quarterly dividend announcement comes as part of the company’s regular financial operations. Sysco offers supply chain solutions, specialty product offerings, and culinary support to its customers.

This information is based on a press release statement issued by the company.

In other recent news, Sysco has garnered attention from multiple financial firms due to its latest earnings and revenue results. The company’s fourth-quarter fiscal 2025 results showed better-than-expected sales and adjusted EBITDA performance, despite providing lower-than-expected guidance for fiscal year 2026. Barclays noted that Sysco’s U.S. local case growth and earnings per share exceeded expectations, prompting the firm to raise its stock price target to $82. UBS also adjusted its price target to $90, citing one-time issues that affected initial guidance but recognizing signs of progress in the company’s performance.

Truist Securities raised its price target for Sysco to $90, maintaining a Buy rating, following the positive sales force changes and the company’s strong quarterly results. Guggenheim increased its price target twice, first to $85 and then to $87, highlighting operational initiatives and local case growth improvement as key factors. Despite initial fiscal 2026 guidance being below consensus, Guggenheim expressed confidence in Sysco’s potential for operational momentum. These developments indicate a general consensus among analysts that Sysco is on a positive trajectory, with several firms maintaining a Buy rating on the stock.

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