Sysco, Intel, Leon's dividend news
Food distribution powerhouse SYSCO (SYY) has raised it's dividend by 4% to $0.25 per share. This marks SYSCO's 160th quarterly dividend. As far as I can see SYSCO has raised their regular dividend every year since I was born in 1979.
I recently bolstered my position in SYSCO on June 15 of this year when the stock traded at $22.82. The stock now trades at $27.35 and yields 3.7%.
Another notable dividend raise came from chip maker Intel (INTC) who raised their dividend by 12.5% on November 16. That stock now yields 3.1%.
Leon's Furniture (LNF) issued a special dividend of $0.20 per share to celebrate their 100th year of business. Congrats to Leon's shareholders. I wish I had purchased Leon's during the downturn when it traded at $8.00, as I believe that it is a great Canadian business. The stock is trading at $10 per share with a yield of 2.80, a P/E of 12.5 and a debt/equity ratio of only 0.36. Sales and earnings have been down pretty significantly lately due to their sensitivity to the downturn.
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