LONDON, UK / ACCESSWIRE / October 4, 2017 / Pro-Trader Daily takes a closer look at Sysco Corp. (NYSE: SYY) as the Company's stock will begin trading ex-dividend on October 05, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of trading session on October 04, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On July 28, 2017, Sysco announced that the Board of Directors declared a regular quarterly cash dividend of $0.33 per share payable on October 27, 2017, to common shareholders of record at the close of business on October 06, 2017.

Sysco's indicated dividend represents a yield of 2.45%, which is substantially higher compared to the average dividend yield of 1.92% for the Services sector. The Company has raised its dividend for 46 consecutive years.

Dividend Insights

Sysco has a dividend payout ratio of 47.7%, which indicates that the Company distributes approximately $0.48 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Sysco is forecasted to report earnings of $2.98 for the next year which is more than double the Company's annualized dividend of $1.32.

As of July 01, 2017, Sysco had $869.50 million in cash and cash equivalents compared to $3.92 billion as on July 02, 2016. For the fiscal year 2017, the Company's cash flow from operations was $2.2 billion, which was $309 million higher compared to FY16. Sysco's free cash flow was $1.6 billion for FY17, up $150 million on a y-o-y basis. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Sysco

On September 18, 2017, Sysco announced that Sheila G. Talton has been elected to join the Board of Directors, expanding the size of the Board to 15 members. Ms. Talton will stand for reelection at Sysco's next Annual Meeting of Stockholders scheduled for November 17, 2017.

Sheila G. Talton, 64, currently serves as President and Chief Executive Officer of Gray Matter Analytics. From 2011 to 2013, she served as President and Chief Executive Officer of SGT Ltd. From 2008 to 2011, Ms. Talton served as Vice President - office of globalization for Cisco Systems, Inc. She also has been recognized as one of the "Top 10 Women in Technology" by Enterprising Women and as "Entrepreneur of the Year" by the National Federation of Black Women Business Owners. Additionally, Ms. Talton serves on the boards of several non-profit organizations, including Chicago's Northwestern Hospital Foundation, the Chicago Shakespeare Theater, and the Chicago Urban League.

About Sysco

Sysco is the global leader in selling, marketing, and distributing food products to restaurants, healthcare and educational facilities, lodging establishments, and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With over 65,000 associates, the Company operates approximately 300 distribution facilities worldwide and serves more than 500,000 customer locations. For fiscal 2017 that ended July 01, 2017, the Company generated sales of more than $55 billion.

Stock Performance

On Tuesday, October 03, 2017, the stock closed the trading session at $53.74, marginally down 0.44% from its previous closing price of $53.98. A total volume of 1.48 million shares have exchanged hands. Sysco's stock price advanced 1.45% in the last one month, 8.83% in the past three months, and 4.13% in the previous six months. The stock is trading at a PE ratio of 25.81 and has a dividend yield of 2.46%. The stock currently has a market cap of $28.42 billion.

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