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
-
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...
-
Dividends and diversification -- those two things can help you achieve a comfortable retirement when combined with the income you will recei...
-
The best dividend stocks have one thing in common: resiliency. They can continue increasing their dividends even in the harshest economic en...
-
Investors wanting to enjoy steady and consistent income should consider dividend aristocrats. In fact, even in these chaotic times, dividend...
-
When looking for dividend stocks to invest in, it is advisable to choose companies that have strong dividend histories and stable balance sh...
-
A good dividend stock has more than a high yield. Dividends need to be supported by cash flow, and cash flow depends on the long-term streng...
-
When hunting for discounted investments, one excellent starting point is to look for businesses with dividend yields trading above their fiv...
-
Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always...
-
It's hard to beat a sustainable, high-yield dividend paired with a beaten-down valuation. The best dividend stocks offer high yields and...
-
Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest eg...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.