Sysco boosts quarterly dividend by 4 percent

Sysco Corp. is raising its quarterly dividend by 4 percent, to 26 cents from 25 cents.

The food service company said Friday that the dividend will be paid on Jan. 28, 2011, to shareholders of record on Jan. 7, 2011.

On Monday, Sysco reported that its fiscal first-quarter earnings fell 8 percent, partly on higher pension costs and lower gross profit margin, but the results met Wall Street's expectations.