Dividend king Sysco raises its dividend by 1.9 percent
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Dividend king Sysco raises its dividend by 1.9 percent

American Sysco is raising its quarterly dividend to 55 cents per share, an increase of 1.9 percent compared with the previous 54 cents per share. The dividend will then amount to 2.20 dollars per share on an annualized basis, which corresponds to a dividend yield of 2.9 percent. This is stated in a press release.

Sysco is a dividend king, a term for American companies that have increased their dividend for at least 50 consecutive years. There are somewhat varying figures from different sources regarding exactly how many years in a row the dividend has been increased. According to the site dividend.com, this is the 58th consecutive year with a dividend increase.

Sysco operates in wholesale food distribution. The company was founded in 1969 and has its headquarters in Houston in the state of Texas. Sysco has 75,000 employees and a market capitalization of 37 billion dollars.
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