HOUSTON, Nov. 17, 2017 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the board of directors has approved a 9 percent increase in the quarterly cash dividend to $0.36 per share from the current $0.33 per share. The new dividend is payable on Jan. 26, 2018, to common stockholders of record at the close of business on Jan. 5, 2018.
“Sysco is committed to returning value to our stockholders,” said Bill DeLaney, Sysco’s chief executive officer. “Sysco has paid a cash dividend every quarter since our founding as a public company in 1970. Since then, the dividend has increased 49 times.”
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. With over 65,000 associates, the company operates approximately 300 distribution facilities worldwide and serves more than 500,000 customer locations. For fiscal 2017 that ended July 1, 2017, the company generated sales of more than $55 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 and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at www.investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.
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