By the end of today, December 01, 2023, Sysco SYY is set to deliver a dividend payout of $0.50 per share, equating to an annualized dividend yield of 2.84%. The company's dividend payout went ex-dividend on January 04, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Sysco Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-04 | 4 | $0.5 | 2.84% | 2023-11-16 | 2024-01-05 | 2024-01-26 |
| 2023-11-21 | 4 | $0.2 | 1.13% | 2023-11-16 | 2023-11-22 | 2023-12-01 |
| 2023-10-05 | 4 | $0.5 | 2.84% | 2023-08-24 | 2023-10-06 | 2023-10-27 |
| 2023-07-06 | 4 | $0.5 | 2.7% | 2023-04-27 | 2023-07-07 | 2023-07-28 |
| 2023-04-05 | 4 | $0.49 | 2.55% | 2023-02-22 | 2023-04-06 | 2023-04-28 |
| 2023-01-05 | 4 | $0.49 | 2.32% | 2022-11-17 | 2023-01-06 | 2023-01-27 |
| 2022-10-06 | 4 | $0.49 | 2.28% | 2022-08-25 | 2022-10-07 | 2022-10-28 |
| 2022-06-30 | 4 | $0.49 | 2.23% | 2022-04-28 | 2022-07-01 | 2022-07-22 |
| 2022-03-31 | 4 | $0.47 | 2.24% | 2022-02-24 | 2022-04-01 | 2022-04-22 |
| 2022-01-06 | 4 | $0.47 | 2.48% | 2021-11-18 | 2022-01-07 | 2022-01-28 |
| 2021-09-30 | 4 | $0.47 | 2.38% | 2021-08-27 | 2021-10-01 | 2021-10-22 |
| 2021-07-01 | 4 | $0.47 | 2.32% | 2021-05-20 | 2021-07-02 | 2021-07-23 |
Analyzing Sysco Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $1.62 to $1.94, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Sysco
Investors can observe a decrease in Sysco's earnings per share from $3.62 in 2019 to $3.40 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
In this article, we explore the recent dividend payout of Sysco and its significance for shareholders. The company has decided to distribute a dividend of $0.50 per share today, which equates to an annualized dividend yield of 2.84%.
Given that Sysco has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Track real-time stock fluctuations for Sysco on Benzinga.](https://www.benzinga.com/quote/Sysco (NYSE: SYY))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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