HOUSTON, Nov. 12, 2010 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a four percent increase in the quarterly cash dividend to $0.26 per share from the current $0.25 per share. The new dividend is payable on January 28, 2011, to common shareholders of record at the close of business on January 7, 2011.
"We understand the importance of the dividend to our shareholders and are pleased to once again increase the annual dividend," said Bill DeLaney, Sysco's president and chief executive officer. "Fiscal year 2011 will be the 42nd year in a row that we have paid a dividend to our shareholders – a testament to Sysco's consistently strong balance sheet and cash flow throughout the years."
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. The company operates 180 distribution facilities serving approximately 400,000 customers. For the fiscal year 2010 that ended July 3, 2010, the company generated more than $37 billion in sales. For more information about Sysco visit the company's Internet home page at www.sysco.com
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