How Safe Is Sysco's Dividend?
It takes a huge network of logistical assets to get food to the restaurants, dining facilities, and other food services providers that need it, and Sysco (NYSE: SYY) has made it its business to do so efficiently and effectively. In addition to generating strong profits and attractive long-term returns for its shareholders, Sysco has also established an enviable track record of dividend payouts and growth over its history. Dividend investors like the stock for its above-average yield and consistent business performance.
Yet recently, Sysco has faced increasing competitive threats from its main rival in the business, and the financial health of its customer base of restaurants hasn't been as good as it would prefer. With those pressures, some investors worry that Sysco's dividend might not be entirely safe. Below, we'll look more closely at Sysco to see whether investors can rely on its quarterly payout going forward.
Current Quarterly Dividend Per Share
Source: Fool.com
Sysco Corp. Stock
Sysco Corp. is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
As a result the target price of 81 € shows a slightly positive potential of 15.63% compared to the current price of 70.05 € for Sysco Corp..
