Sysco Hikes Quarterly Dividend

(RTTNews) - Sysco Corp. (SYY) said Wednesday that the Board of Directors has approved a 3.4% increase in the quarterly cash dividend to $0.30 per share from the current $0.29 per share.

The new dividend is payable on January 23, 2015, to common shareholders of record at the close of business on January 2, 2015.

"The dividend increase announced today underscores Sysco's long-standing commitment to return value to its shareholders," said Bill DeLaney, Sysco's president and chief executive officer. "Sysco has paid a quarterly cash dividend every quarter since its founding as a public company in 1970 and has increased its dividend 46 times in that period."