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HOUSTON - Sysco Corporation (NYSE:SYY) announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.54 per share. The dividend will be payable on January 23, 2026, to common stockholders of record as of the close of business on January 2, 2026. InvestingPro data shows Sysco has maintained dividend payments for an impressive 55 consecutive years, with a current dividend yield of 2.86% and recent dividend growth of 5.88%.
Sysco, which describes itself as the global leader in selling, marketing and distributing food and related products to food service customers, operates 337 distribution centers across 10 countries. The company employs approximately 75,000 people and serves around 730,000 customer locations worldwide. With a market capitalization of $36.14 billion, Sysco is a prominent player in the Consumer Staples Distribution & Retail industry.
The food distribution giant reported sales exceeding $81 billion for its fiscal year 2025, which ended June 28, 2025. Sysco’s customer base includes restaurants, healthcare and educational facilities, lodging establishments, and entertainment venues. According to InvestingPro, the company appears undervalued based on its Fair Value assessment, with analysts setting price targets ranging from $80 to $98. Sysco maintains a "GOOD" overall financial health score and trades at a P/E ratio of 20.32.
The company’s product portfolio encompasses fresh produce, proteins, specialty products, sustainable items, equipment, supplies, and culinary solutions.
This dividend announcement was made through a company press release.
In other recent news, Sysco Corporation reported its first-quarter earnings for fiscal year 2026, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $1.15, exceeding the forecasted $1.12. Additionally, Sysco’s revenue slightly surpassed projections, reaching $21.1 billion compared to the anticipated $21.07 billion. Despite these positive financial results, Sysco’s stock experienced a pre-market decline. These developments highlight the company’s performance in the latest quarter, providing investors with crucial insights into its financial health. The earnings and revenue figures are vital for investors to assess Sysco’s recent performance. Analysts’ forecasts and the company’s ability to exceed them are key indicators for evaluating its market position.
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