SYY Named Top 25 SAFE Dividend Stock Increasing Payments For Decades
Fri, Aug 11, 8:14 AM ET, by ETF Channel
Sysco Corp (SYY) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.6% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Sysco Corp is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.06% of the SPDR S&P Dividend ETF (SDY), which holds $165,165,068 worth of SYY shares.
Sysco Corp (SYY) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Sysco Corp is $1.32/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/05/2017. Below is a long-term dividend history chart for SYY, which the report stressed as being of key importance.
SYY operates in the Grocery & Drug Stores sector, among companies like Walgreens Boots Alliance Inc (WBA), and CVS Health Corporation (CVS).
Read the original article at ETF Channel: SYY Named Top 25 SAFE Dividend Stock Increasing Payments For Decades
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