Sysco Announces Quarterly Dividend Details and Company Insights

Sysco Corporation's Latest Quarterly Dividend Announcement

Recently, Sysco Corporation (NYSE:SYY), a leader in food distribution, revealed that its Board of Directors has declared a regular quarterly cash dividend. The dividend is set at $0.51 per share, an essential decision that reflects the company's commitment to providing value to its shareholders.

Dividend Payment Details

This quarterly dividend is scheduled to be payable on January 24, 2025, to all common stockholders who are on record at the close of business on January 3, 2025. This announcement indicates Sysco's strong financial position and its ability to reward its investors continuously.

Understanding Sysco's Position in the Market

Sysco is recognized as the global frontrunner in selling, marketing, and distributing food products to various establishments, including restaurants, healthcare facilities, educational institutions, and other customers who prepare meals away from home. The company's impressive portfolio also encompasses essential equipment and supplies for both the foodservice and hospitality sectors.

Expansive Operations and Workforce

Employing over 76,000 dedicated colleagues, Sysco operates an extensive network comprising 340 distribution facilities across the globe. This reach allows Sysco to serve around 730,000 customer locations, showcasing its significant presence and impact in the food distribution industry.

Financial Performance and Sales Growth

In the most recent fiscal year, which concluded on June 29, 2024, Sysco generated sales exceeding $78 billion. This remarkable figure underscores the company's capacity to not only meet but also exceed the demands of its expansive customer base while maintaining a steady growth trajectory.

Commitment to Sustainability

As a responsible corporate citizen, Sysco is deeply committed to sustainability. The company has developed a comprehensive Sustainability program dedicated to minimizing its environmental footprint while maximizing social impact. Sysco’s 2023 Sustainability Report, along with its 2023 Diversity, Equity & Inclusion Report, provides insightful details about its ongoing efforts and achievements in these areas.

Staying Informed about Sysco

Individuals interested in learning more about Sysco's initiatives and operations can visit Sysco’s official website. The site serves as a vital resource for latest updates, corporate news, and the company’s dedication to its stakeholders.

Contact Information for Inquiries

For those seeking further information regarding Sysco's financial performance or corporate news, the company has provided contact details for inquiry. Kevin Kim serves as the Investor Contact, while Cassandra Mauel is available for media inquiries.

Contact Details

For investors, Kevin Kim can be reached at kevin.kim@sysco.com, while media representatives can connect with Cassandra Mauel at cassandra.mauel@sysco.com. Both contacts are readily available for questions and discussions regarding the company's ongoing endeavors.

Frequently Asked Questions

What is the declared dividend amount for Sysco's latest announcement?

Sysco has declared a regular quarterly cash dividend of $0.51 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on January 24, 2025, to shareholders on record as of January 3, 2025.

What is the primary business model of Sysco Corporation?

Sysco is focused on selling, marketing, and distributing food products to various sectors, including restaurants and educational institutions.

What is Sysco's recent sales figure?

For fiscal year 2024, Sysco reported sales exceeding $78 billion.

How can I stay updated on Sysco's initiatives?

Visit Sysco's official website for the latest updates and reports regarding their sustainability initiatives and corporate news.

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