Sysco Corporation announces a quarterly dividend increase to $0.55 per share, payable July 24, 2026.
Quiver AI Summary
Sysco Corporation announced a quarterly cash dividend increase to $0.55 per share, up from $0.54, as confirmed by its Board of Directors on April 17, 2026. The new dividend will be paid for the first time on July 24, 2026, to stockholders of record as of July 2, 2026. This decision reflects Sysco's dedication to shareholder returns and maintaining its status as a Dividend Aristocrat. The company also plans an annual dividend increase of $0.04 for fiscal year 2027. Sysco is a leading global distributor of food and related products for food service operations, operating 337 distribution centers across 10 countries and generating over $81 billion in sales in fiscal year 2025.
Potential Positives
- The increase in the quarterly cash dividend to $0.55 demonstrates Sysco's commitment to enhancing shareholder returns.
- Maintaining the status as a Dividend Aristocrat reflects the company's financial stability and consistent performance over time.
- The planned annual dividend increase of $0.04 for fiscal year 2027 signals continued confidence in the company's future growth and profitability.
Potential Negatives
- The press release does not provide detailed financial performance metrics or insights, which may leave investors questioning the underlying health of the company despite the dividend increase.
- The relatively small increase of only $0.01 in the dividend may not impress investors looking for more substantial returns, potentially leading to dissatisfaction among shareholders.
- No mention is made of any challenges or risks the company may be facing, which could lead to concerns about transparency and preparedness in addressing potential issues.
FAQ
What is the new dividend declared by Sysco Corporation?
The new quarterly cash dividend is $0.55 per share, an increase from the previous $0.54 per share.
When will the new dividend be payable?
The new dividend will be payable on July 24, 2026, to stockholders of record as of July 2, 2026.
What does Sysco's dividend increase signify?
The increase signifies Sysco's commitment to consistent shareholder returns and maintaining its status as a Dividend Aristocrat.
How much is the planned dividend increase for fiscal year 2027?
Sysco plans to increase its dividend by $0.04 for fiscal year 2027.
What services does Sysco provide?
Sysco is a global leader in selling and distributing food products to restaurants, healthcare facilities, and other customers preparing meals away from home.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SYY Insider Trading Activity
$SYY insiders have traded $SYY stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $SYY stock by insiders over the last 6 months:
- RONALD L PHILLIPS (EVP and CHRO) sold 5,601 shares for an estimated $453,681
- SHEILA TALTON sold 2,801 shares for an estimated $232,454
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SYY Revenue
$SYY had revenues of $20.8B in Q2 2026. This is an increase of 3.03% from the same period in the prior year.
You can track SYY financials on Quiver Quantitative's SYY stock page.
$SYY Congressional Stock Trading
Members of Congress have traded $SYY stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $SYY stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$SYY Hedge Fund Activity
We have seen 614 institutional investors add shares of $SYY stock to their portfolio, and 763 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 14,933,214 shares (-76.0%) from their portfolio in Q4 2025, for an estimated $1,100,428,539
- AMERICAN CENTURY COMPANIES INC added 2,961,272 shares (+337.1%) to their portfolio in Q4 2025, for an estimated $218,216,133
- JPMORGAN CHASE & CO removed 2,478,724 shares (-62.5%) from their portfolio in Q4 2025, for an estimated $182,657,171
- BOSTON PARTNERS removed 1,763,222 shares (-14.1%) from their portfolio in Q4 2025, for an estimated $129,931,829
- MILLENNIUM MANAGEMENT LLC removed 1,545,778 shares (-47.7%) from their portfolio in Q4 2025, for an estimated $113,908,380
- QUBE RESEARCH & TECHNOLOGIES LTD added 1,442,942 shares (+inf%) to their portfolio in Q4 2025, for an estimated $106,330,395
- CANOE FINANCIAL LP removed 1,427,181 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $105,168,967
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SYY Analyst Ratings
Wall Street analysts have issued reports on $SYY in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 01/28/2026
- JP Morgan issued a "Overweight" rating on 01/28/2026
- Wells Fargo issued a "Overweight" rating on 01/28/2026
- Barclays issued a "Overweight" rating on 01/28/2026
To track analyst ratings and price targets for $SYY, check out Quiver Quantitative's $SYY forecast page.
$SYY Price Targets
Multiple analysts have issued price targets for $SYY recently. We have seen 11 analysts offer price targets for $SYY in the last 6 months, with a median target of $90.0.
Here are some recent targets:
- Brian Mullan from Piper Sandler set a target price of $77.0 on 04/07/2026
- Karen Holthouse from Citigroup set a target price of $73.0 on 04/02/2026
- Mark Carden from UBS set a target price of $90.0 on 04/02/2026
- John Heinbockel from Guggenheim set a target price of $90.0 on 04/02/2026
- Edward Kelly from Wells Fargo set a target price of $100.0 on 02/19/2026
- Jeffrey Bernstein from Barclays set a target price of $92.0 on 01/28/2026
- Jake Bartlett from Truist Securities set a target price of $94.0 on 01/28/2026
Full Release
HOUSTON, April 17, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that its Board of Directors declared a quarterly cash dividend of $0.55 per share, representing a $0.01 increase from the prior quarterly dividend of $0.54 per share. The new dividend is payable for the first time on July 24, 2026, to common stockholders of record at the close of business on July 2, 2026.
“The Board’s decision today to increase the dividend underscores Sysco's commitment to delivering consistent shareholder returns, maintaining our status as a Dividend Aristocrat, and executing a disciplined, balanced approach to capital allocation. Our decision today further rewards our shareholders with a planned annual dividend increase of $0.04 for fiscal year 2027,” said Brandon Sewell, Sysco’s interim chief financial officer.
About Sysco
Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 337 distribution centers, in 10 countries, with 75,000 colleagues serving approximately 730,000 customer locations. The company generated sales of more than $81 billion in fiscal year 2025 that ended June 28, 2025.
As the world’s largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions.
For more information, visit www.sysco.com . For important news and key information for Sysco investors, visit the Investor Relations section of the company’s website at investors.sysco.com .
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For more information contact:
Kevin Kim Investor Contact [email protected] T 281-584-1219 |
Cassandra Mauel Media Contact [email protected] T 281-584-1390 |
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