Sysco A Top Ranked SAFE Dividend Stock With 2.5% Yield

Sysco has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 2.5% 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 is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.00% of the SPDR S&P Dividend ETF, which holds $166,927,674 worth of SYY shares.

Sysco 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.

Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »

The annualized dividend paid by Sysco Corp is $1.8/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/07/2021. Below is a long-term dividend history chart for SYY, which the report stressed as being of key importance.

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SYY operates in the Grocery & Drug Stores sector, among companies like Walgreens Boots Alliance, Kroger and other Top 10 Dividend Aristocrats.

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