HOUSTON, Nov. 14, 2012 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a 3.7 percent increase in the quarterly cash dividend to $0.28 per share from the current $0.27 per share. The new dividend is payable on January 25, 2013, to common shareholders of record at the close of business on January 4, 2013.
"Sysco has paid a quarterly cash dividend every quarter since 1970 and we understand how important the dividend is to our stockholders. As a result, we are pleased to be able to increase the dividend for the 44th time since becoming a public company," said Bill DeLaney, Sysco's president and chief executive officer. "Our strong balance sheet, combined with our current focus on improving free cash flow and our ongoing efforts to transform our business, enhance our ability to return value to our shareholders."
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 185 distribution facilities serving over 400,000 customers. For the fiscal year 2012 that ended June 30, 2012, the company generated record sales of over $42 billion. For more information about Sysco visit the company's Internet home page at www.sysco.com. For investor relations news follow us at www.twitter.com/SyscoStock or download the new Sysco IR App, available on the iTunes App Store and the Google Play Market.
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CONTACT: Neil Russell Vice President, Investor Relations T 281-584-1308 Charley Wilson Vice President, Corporate Communications T 281-584-2423