Sysco Corporation announced that its Board of Directors approved a $0.03 increase in the quarterly cash dividend, raising it to $0.54 per share from the previous $0.51 per share. This represents a 6% increase on a per-share basis.
The new dividend is payable for the first time on July 25, 2025, to common stockholders of record at the close of business on July 3, 2025. This marks Sysco's 56th consecutive year of dividend growth, reinforcing its status as a Dividend Aristocrat.
Chief Financial Officer Kenny Cheung stated that the increase reflects Sysco's commitment to maintaining a healthy dividend payout ratio of 40% to 50% of adjusted EPS. This action underscores the company's focus on delivering consistent, sustainable returns to shareholders, with expectations for continued dividend growth commensurate with adjusted EPS growth.
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