LONDON, UK / ACCESSWIRE / April 04, 2018 / Active-Investors has a free review on Sysco Corp. (NYSE: SYY) following the Company's announcement that it will begin trading ex-dividend on April 05, 2018. 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 the trading session on April 04, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SYY:
www.active-investors.com/registration-sg/'symbol=SYY
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
www.active-investors.com/registration-sg
Dividend Declared
On February 23, 2018, Sysco announced that its Board of Directors declared a regular quarterly cash dividend of $0.36 per share, payable on April 27, 2018, to common shareholders of record at the close of business on April 06, 2018.
Sysco's indicated dividend represents a yield of 2.40%, which is considerably above the average dividend yield of 2.10% for the Services sector. The Company has raised dividend for forty-seven consecutive years.
Dividend Insight
Sysco has a dividend payout ratio of 49.1%, which denotes that the Company spends approximately $0.49 for dividend distribution out of 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 $3.49 for the next year, which is more than double compared to the Company's annualized dividend of $1.44 per share.
Sysco's cash flow from operations was $933 million for its first half of fiscal 2018 ended December 30, 2017, which was $294 million higher than the same period last year. The Company's free cash flow for H1 FY18 was $679 million, which was $313 million higher compared to the same period last year. As of December 30, 2017, Sysco's cash and cash equivalent totaled $961.07 million compared to $847.29 million as on December 31, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About Sysco Corp.
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, Sysco generated sales of more than $55 billion. The Company was founded in 1969 and is headquartered in Houston, Texas.
Stock Performance Snapshot
April 03, 2018 - At Tuesday's closing bell, Sysco's stock rose 1.85%, ending the trading session at $59.44.
Volume traded for the day: 2.34 million shares.
Stock performance in the previous six-month period - up 10.18%; and past twelve-month period - up 14.48%
After yesterday's close, Sysco's market cap was at $30.99 billion.
Price to Earnings (P/E) ratio was at 25.83.
The stock has a dividend yield of 2.42%.
The stock is part of the Services sector, categorized under the Food Wholesale industry. This sector was up 0.9% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
