Sysco Increases Quarterly Dividend Payment
November 18 2015 - 7:00AM
Sysco Corporation (NYSE:SYY) today announced that the Board of
Directors has approved a 3.3 percent increase in the quarterly cash
dividend to $0.31 per share from the current $0.30 per share. The
new dividend is payable on January 22, 2016, to common stockholders
of record at the close of business on January 8, 2016.
"This dividend increase affirms Sysco's commitment to return
value to its stockholders through a combination of dividend
payments and share repurchases," said Bill DeLaney, Sysco's
president and chief executive officer. "Sysco has paid a quarterly
cash dividend every quarter since its founding as a public company
in 1970 and has increased its dividend 47 times in that
period."
About Sysco
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. The company operates 194 distribution facilities
serving approximately 425,000 customers. For fiscal year 2015 that
ended June 27, 2015, the company generated sales of more than $48
billion. 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 regarding Sysco,
visit the Investor Relations section of the company's Internet home
page at investors.sysco.com, follow us at
www.twitter.com/SyscoStock and download the new Sysco IR App,
available on the iTunes App Store and the Google Play Market. In
addition, investors should also continue to review our press
releases and filings with the Securities and Exchange Commission.
It is possible that the information we disclose through any of
these channels of distribution could be deemed to be material
information.
CONTACT: For more information contact:
Neil Russell
Vice President, Investor Relations
T 281-584-1308
Charley Wilson
Vice President, Corporate Communications
T 281-584-2423
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