Sysco Corp (Symbol: SYY) is currently yielding over 3% based on its quarterly dividend of $2.16, with shares trading as low as $71.85 on Friday. The company has a history of strong dividend payments, having increased its dividend for more than 20 consecutive years, making it a notable component of the S&P 500 Index.
For context, investors holding shares of the S&P 500 ETF (SPY) from December 31, 1999, to December 31, 2012, faced a slight depreciation in share value of $4.67. However, they collected $25.98 in dividends, yielding a positive total return of 23.36%. This comparison highlights the attractiveness of Sysco’s sustained dividend yield, particularly in a fluctuating market.
As profitability affects dividend amounts, monitoring Sysco’s dividend history can provide insights into the sustainability of its current yield.
