The consensus on Sysco seems to be that its dividend is not in great danger, but that it bears watching because of the effects of rising food costs. Sysco’s F3Q report on May 9 put some minds at ease, as the company beat consensus estimates, and its price surged over 10% on the day of the announcement. The company achieved its results with higher prices and volume, but it also reported that costs had risen amid higher food and fuel expenses.
Sysco derives most of its sales from the restaurant industry, and higher costs are squeezing many food-related companies.
Sysco is on a 41-year streak of increasing its dividend, with its last increase in January of 4%, so it is nowhere near being overdue for an increase. Its next dividend payment would normally be made in July, and if it follows its practice of recent years, that dividend declaration will be made shortly.
Source: Seeking Alpha
Related Articles:
- What Determines A Dividend Stock's Yield
- Managing Risk With Dividend Stocks
- 9 Stocks With a Sustainable Dividend
- Are You Patient Enough To Be Wealthy? These 12 Dividend Stocks Will Help You Wait
- 10 Dividend Stocks For Healthy and Wealthy Retirement
________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
When a company pays a dividend, it's a good thing for shareholders. When a company consistently pays a dividend every quarter, it's ...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
My top financial goal is to eventually become financially independent. The foundation of my strategy is to make investments that produce an ...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.