HOUSTON, Nov. 16, 2016 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a six percent increase in the quarterly cash dividend to $0.33 per share from the current $0.31 per share. The new dividend is payable on January 27, 2017, to common stockholders of record at the close of business on January 6, 2017. "The two cent per share quarterly dividend step up from the one cent increase in recent years reflects Sysco's continued strong generation of cash flow and demonstrates our long-standing commitment to return value to its stockholders," said Bill DeLaney, Sysco's chief executive officer. "Sysco has paid a quarterly cash dividend every quarter since its founding as a public company in 1970 and has increased its dividend 48 times in that period." 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. The company operates 198 distribution facilities serving approximately 425,000 customers. For fiscal year 2016 that ended July 2, 2016, the company generated sales of more than $50 billion. Subsequent to fiscal year 2016, the company completed the acquisition of the Brakes Group, a leading European foodservice distributor with operations in the United Kingdom, Ireland, France, Sweden, Spain, Belgium and Luxembourg. For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company's Internet home page at www.investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the Securities and Exchange Commission. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information.
For more information contact:Neil Russell Vice President, Investor Relations and Communications T 281-584-2423