Sysco, a Dividend Aristocrat That Provides Food for Smart Investment Thinking

Sysco (SYY), the company that sounds like the other more famous Cisco (CSCO), was founded in 1969 and started paying dividends in its first year. Since then, it has increased the dividend every year, for 41 consecutive years, easily enough to qualify as a Dividend Aristocrat. Last November SYY extended its streak, raising the quarterly dividend 4% to 26¢ per share. Sysco markets food and related products to the foodservice industry in the U.S. and Canada, distributing frozen foods, dry foods, fresh meats, dairy products, beverage products and imported specialties and fresh produce. In addition it supplies non-food items: Paper products, tableware, cookware, restaurant kitchen equipment and cleaning supplies. Products are sold to restaurants, hospitals, schools, hotels, motels, lodging establishments and industrial caterers. SYY delivers more than 1 billion cases of food and related products to more than 400,000 customers, primarily in the U.S. and Canada. Distribution of sales were:... Read more

Older articles featuring SYY: