2024-04-27 05:28:39 ET
Summary
- Sysco Corporation is a global leader in foodservice distribution, with a focus on selling, marketing, and distributing products to restaurants, schools, hospitals, hotels, and stadiums.
- The company has shown solid growth across all segments, with the restaurant category being the largest source of revenue. Education and healthcare segments also provide growth opportunities.
- Sysco's financials have been strong, with increased sales volume, positive operating margins, and high EBITDA growth.
- With over 50 years of dividend increases and a well-covered 2.6% dividend yield, SYY offers a reliable source of dividend income.
Overview
I'm willing to bet that a lot of us have been exposed to Sysco Corporation's ( SYY ) products for most of our life without even being aware of it. There's a beautiful aspect to a company being a silent dominator in a space that everyone absolutely has to spend money on. That space is food! No matter what the economy looks like, how stagnant wages are, or how expensive it gets, we all have to spend on food. Sysco is one of the global leaders in foodservice distribution, with the majority of their business taking place in the US. They sell, market, and distribute their products to restaurants, schools, hospitals, hotels, stadiums, and more....
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Sysco: Dividend King To Benefit From Increased Demand