Sysco a Top Ranked SAFE Dividend Stock With 3.2% Yield (SYY)

Sysco Corp. (SYY) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.2% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.

According to the ETF Finder at ETF Channel, Sysco Corp. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 2.22% of the SPDR S&P Dividend ETF (SDY), which holds $272,327,110 worth of SYY shares.

Sysco Corp. ( SYY) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

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The annualized dividend paid by Sysco Corp. is $1.16/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/31/2013. Below is a long-term dividend history chart for SYY, which the report stressed as being of key importance.

SYY+Dividend+History+Chart

SYY operates in the Grocery & Drug Stores sector, among companies like CVS Caremark Corporation (CVS), and Walgreen Co. (WAG).

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