Sysco Corporation (NYSE:SYY) Updates On Quarterly Dividend


As per Sysco Corporation (NYSE:SYY) statement on 2016-05-23, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.31 per share as dividend to stakeholders. The record date is set as 2016-07-01, the payout date as 2016-07-22 and the ex-dividend date is 2016-06-29.

Last fiscal Sysco Corporation (NYSE:SYY) disbursed cash dividend of $0.31. A year ago, the payout was $0.31, which indicates a difference of -16.8919%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.31, implying 3.6128% growth.

For the period ended on 2016-06-30, Sysco Corporation (NYSE:SYY)’s earnings came at $0.64 per share compared to EPS of $0.52 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-07. For this quarter, the analysts have earnings estimate of $0.6 per share.

The interim price target for Sysco Corporation (NYSE:SYY) is set at $52.142. This level is the mean price reached by averaging the stock views of 7 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Sysco Corporation (NYSE:SYY) is seen at $57 and the lowest level is established at $45. This broad range highlights a standard deviation of $5.177 in reported estimates.

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