Notable News Spotlight: Sysco Corporation (NYSE:SYY) reports regular quarterly cash dividend

Business

Sysco Corporation (NYSE:SYY) changed 0.50% to recent value of $75.05. The stock transacted 2130839 shares during most recent day however it has an average volume of 2363.53K shares. It spotted trading -1.22% off 52-week high price. On the other end, the stock has been noted 26.26% away from the low price over the last 52-weeks.

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, announced that the Board of Directors declared a regular quarterly cash dividend of $0.39 per share, payable on July 26, 2019, to common shareholders of record at the close of business on July 5, 2019.

About Sysco

Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With over 67,000 associates, the company operates approximately 330 distribution facilities worldwide and serves more than 600,000 customer locations. For fiscal 2018 that ended June 30, 2018, the company generated sales of more than $58 billion.

 SYY has a gross margin of 18.90% and an operating margin of 3.80% while its profit margin remained 2.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 23.70% for this year while earning per share for the next 5-years is expected to reach at 11.02%.

 The company has 514.19M of outstanding shares and 512.88M shares were floated in the market. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.96% from the mean of 20 days, 7.67% from mean of 50 days SMA and performed 9.51% from mean of 200 days price. Company’s performance for the week was 0.16%, 8.19% for month and YTD performance remained 19.77%.

Leave a Reply

Your email address will not be published. Required fields are marked *