Sysco Stock To Go Ex-dividend Tomorrow (SYY)

NEW YORK ( TheStreet) -- The ex-dividend date for Sysco Corporation (NYSE: SYY) is tomorrow, April 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $29.80 as of 9:30 a.m. ET, the dividend yield is 3.6%.

The average volume for Sysco has been 3.5 million shares per day over the past 30 days. Sysco has a market cap of $17.75 billion and is part of the services sector and wholesale industry. Shares are up 1.8% year to date as of the close of trading on Friday.

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of a range of food and related products primarily to the foodservice or food-away-from-home industry. The company has a P/E ratio of 15.3, below the average wholesale industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sysco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Sysco Ratings Report.

See our dividend calendar or top-yielding stocks list.
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