Sysco Corp. (SYY) Plans Quarterly Dividend of $0.29
Sysco Corp. (NYSE:SYY) declared a quarterly dividend on Friday, February 21st, AR Network reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.29 per share on Friday, April 25th. This represents a $1.16 dividend on an annualized basis and a yield of 3.24%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Sysco Corp. in a research note on Tuesday, February 4th. They now have a $36.00 price target on the stock. On the ratings front, analysts at Credit Suisse upgraded shares of Sysco Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.90.
Sysco Corp. (NYSE:SYY) traded up 0.55% on Friday, hitting $36.046. The stock had a trading volume of 1,290,198 shares. Sysco Corp. has a 1-year low of $31.13 and a 1-year high of $43.40. The stock has a 50-day moving average of $35.79 and a 200-day moving average of $33.97. The company has a market cap of $21.086 billion and a P/E ratio of 21.73.
Sysco Corp. (NYSE:SYY) last released its earnings data on Monday, February 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts expect that Sysco Corp. will post $1.82 EPS for the current fiscal year.
Sysco Corporation (NYSE:SYY), along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry.
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