ABS News & Research is dedicated to providing quality investment insight and information from experienced financial professionals and journalists. The Dividend Kings list can be a good source for selecting dividend stocks. Sysco has a long history of steady dividends and regular dividend increases. During the past decade, SYSCO Corporation has managed to boost dividends at an annualized rate of 5%. Our kings list includes or DSO dividend rating which is calculated using weighted scores for yield, dividend growth, revenue growth, payout ratio, yield value and one year return. The Dividend Kings outperformed the S&P 500 ETF (SPY) in August of 2019 on a relative basis. Sysco. Consumers were forced to eat more meals at home, which resulted in increases in grocery store traffic. Dividend Kings are an elite subset of dividend paying stocks. There are thousands of competitors to Sysco, which include other food distributors, as well as wholesale or retail outlets, grocery stores, and online retailers. Its most recent increase was a 15.4% raise in November 2019. I like. The companies included as dividend kings on the list below focuses on companies headquartered in the United States. Keep reading this article to learn more. The company is also adding delivery to grocery stores in an effort to create new sources of revenue. In fact, it is a rather simple requirement. Sysco even provided connections to help customers with outdoor dining, patio extensions, website design, takeout menu productions and to-go containers. The company grew earnings from 2007 to 2010, which was a rare achievement. With its impressive fundamentals, including credit safety, a dividend king's dividend tradition, less than 50% LTM EPS payout, and a decently narrow moat, it was high on my list when I considered companies to invest in during the pandemic. He brings nearly 20 years of experience investing and has a Masters Degree from Western Governors in Business Leadership.ABS News & Research is dedicated to providing quality investment insight and information from experienced financial professionals and journalists. They don’t have castles, or grand palaces, or even have nice old ladies waving at everybody in shockingly bright coloured clothes. It also has a large segment of other customer types such as bakeries, churches, civic and fraternal organizations, vending distributors, and international exports. It's the best, because home-improvement retailer Lowe's (NYSE: LOW) is a strong business you'd want to own even if it didn't pay a dividend. The companies included as dividend kings on the list below focuses on … So, now you know what a dividend king is you may be asking yourself. These companies not only survived all the stock market booms and crashes, but found a way to be profitable and pay a dividend. SYY. Sysco’s actions in assisting customers helps cement relationships while providing a lifeline for restaurants to remain in business. The two gas utilities in the Dividend Kings, Northwest Natural Gas (NWN) and National Fuel Gas (NFG) have yields over 4%and may represent good value at this time. The S&P 500 is a stock market index launched in 1957 consisting primarily of large-cap U.S. equities. Still, this is an improvement from earlier in the year, an excellent sign for Sysco. It is not a small achievement to have been able to reward long-term shareholders with a dividend raise for over half a century. In addition, Sysco has a current dividend yield of 2.7%, which is a higher yield than the average yield of the broader S&P 500 Index. Sysco operates 330 distribution facilities worldwide and serves over 600,000 customer locations. SYSCO Corporation (NYSE:SYY) markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. Dividend King #1: Sysco Corporation (SYY) Sysco Corporation is the largest wholesale food distributor in the United States, and is expanding internationally. Jul 12, 2020 2:29 PM EDT Are Dividend Kings Worth Investing In. H.B. This year, there are several new entrants into this exclusive Dividend Kings, including food distributor Sysco Corporation . And another soon to be Dividend King, in my opinion. In late January of last year (1/28/19), Sysco announced the acquisition of Waugh Foods, Inc., a food distributor with approximately $40 million of sales. Sysco has many attractive qualities as a dividend growth stock. The Dividend Kings are the best in class with respect to dividend endurance. Unlike the S&P 500 Dividend Aristocrats, this list of companies is not officially tracked by a ratings companies. Declared Ex-Dividend Record Payable Amount Type; 11/19/20 : 01/07/21 : 01/08/21: 01/29/21 : $0.4500 : U.S. Currency : 08/21/20: 10/01/20 : 10/02/20 : 10/23/20 : $0.4500 It distributes products including fresh and frozen foods, as well as dairy and beverage products. Advisors and investors should not just buy all the stocks in the dividend king list. With its impressive fundamentals, including credit safety, a dividend king's dividend … Today, Sysco is the largest food distributor in the U.S. This indicates the dividend is sufficiently covered, but would likely take a recovery from the pandemic to grow meaningfully. There is now one more Dividend King since Sysco Corporation (SYY) recently raised the quarterly dividend permitting this company to enter this exclusive list. Companies that pay dividends are typically more mature companies that are paying out a dividend as a source of earnings. The company had a dividend payout ratio of 90% in fiscal 2021. A Dividend King is a stock with 50 or more consecutive years of dividend increases. More importantly, learn if Sysco seems likely to reward dividend investors with many more years of income growth and if today’s valuation appears to be reasonable. SPY August 2019 total return: -1.7%Total return performance year-to-date through August 2019 is below: 1. Dividend Kings: 18.6% 2. A Dividend King is to be respected. Consumer spending on food away-from-home severely declined from the end of February, but appeared to bottom in April. Are you a victim of investment fraud? The company’s dividend is also very safe. Shareholders are usually eligible for dividends as long as they own the stock. We believe future returns will be satisfactory, but not spectacular, for investors buying the stock at the current valuation level. It is not a small achievement to have been able to reward long-term shareholders with a dividend raise for over half a century. You can see their holdings as of 1/31/2020. Last fiscal year, Sysco had sales of $53 billion. Such a huge presence allows Sysco to keep costs low, and it can pass on the benefit to its customers. Its most recent increase was a 15.4% raise in November 2019. They rise above a majority of dividend stocks that in the history of paying dividends. The U.S. foodservice industry is fiercely competitive. A Dividend King is a stock with 50 or more consecutive years of dividend increases. Industrial clients are reluctant to abandon such a world class company for… Each of these companies have increased their dividend annually sine 1970! Broadly speaking, they are among the highest-quality dividend growth investments in the entire stock market. And like the other Dividend Kings on this list, SYY is a dividend-raising machine. Hormel operates in a sector that performed well during the pandemic, as people stockpiled food and supplies. The company pays in January, March, June, and September. The king said the pandemic offered an opportunity to build the resilience needed to confront other global crises, including climate change and food insecurity.The number of people at risk of hunger is expected to almost double to 265 million this year, in part due to the economic impact of steps to contain the virus, the king said. In this article, I examine Sysco Corporation (SYY), whose Dividend King status may not be safe due to the impact of the coronavirus. In its first year as a publicly-traded company, it had sales of just $115 million. As a key supplier for the restaurant industry, Sysco (NYSE:SYY) … Tootsie Roll: Slow And Steady Has Its Virtues. Pepsi is a Dividend Aristocrat for sure. They are the kings of dividend growth. Sysco pays an annual dividend of $1.80 per share, with a dividend yield of 2.42%. Other websites show Target as a dividend king, ... SYY: Consumer Staples: 50: 5%: 2.52% 71.29: Tootsie Roll Industries: TR: Consumer Staples: 52: 4%: 1.16% 30.97: Note: The prices and yields are as of November 30, 2020. In fact, it is a rather simple requirement. These results weren’t exactly unexpected given the circumstances. It's the best, because home-improvement retailer Lowe's (NYSE: LOW) is a strong business you'd want to own even if it didn't pay a dividend. If you're looking to invest in Dividend King stocks, here's a word of caution. April 18, 2020 November 28, 2020 Dividend Power. L’indice des dividendes aristocrates doit toujours comprendre au moins 40 titres. I like. Sysco Corporation (SYY) is without a doubt a great company. After more than 20 years of investing, one of my favorite stocks are the dividend kings. Because of the use of Fiscal Years, rather than Calendar Years, I excluded Parker - Hannifin from the first list of dividend kings that I compiled in 2010 . It is the largest company in its industry, which provides it with higher profit margins and durable competitive advantages over its smaller rivals. Sysco Corp (SYY) – 50 (Updated: August 2020) A Word of Caution About the Dividend Kings. The Dividend Kings list can be a good source for selecting dividend stocks. A dividend is a payment or distribution from a company’s earnings. The company is a dividend king with a 50-year history of annual dividend increases. It was established through the merger of Pepsi-Cola and Frito-Lay. SYY Dividend Chart. The company was founded in Houston, Texas in 1969 and now serves 600,000 locations with food delivery, including restaurants, hospitals, schools, hotels, and other facilities. During the past decade, SYSCO Corporation has managed to … The company was founded in Houston, Texas in 1969 and now serves 600,000 locations with food delivery, including restaurants, hospitals, schools, hotels, and other facilities. Its position atop the food distribution industry provides Sysco with high profit margins, and future growth potential. Exceptions . DIVIDEND GROWTH INVESTOR - Jun 12, 2020, 5:50 pm. Dividend Kings are an elite subset of dividend paying stocks. Dividend King is a stock with 50 years or more of consecutive dividend increases. As mentioned in our introduction, to be named a Dividend King a company must have increased its dividend successfully for at least 50 years. Our fair value estimate is a price-to-earnings ratio of 15.0, which means the stock is currently trading well in excess of fair value. The company already has 51 years of payout increases under its belt. However, there are some signs of a return to life for Sysco’s customers, as the economy (and the restaurant industry in particular) begins to recover. Sysco was founded in 1969, and went public the following year. To be considered a dividend King, there is one requirement. Its most recent increase was a 15.4% raise in November 2019. No, it doesn’t. There are many metrics that investors can use to evaluate a company. The FY 2017 dividend was $2.58/share ( two dividend payments of 66 cents/share plus two dividend payments of 63 cents/share). Why Invest in Dividend Kings. The stock is slightly overvalued, meaning right now is not the best time to buy the stock. A dividend king is a company that has managed to increase dividends to shareholders for at least 50 years in a row.. We expect Sysco to deliver 5.2% annual earnings growth going forward, consisting of organic growth, acquisitions, and share repurchases. Each of these companies have increased their dividend annually sine 1970! I've saved the best Dividend King for last. Prior to joining ABS, he has worked a financial advisor and inside sales desk manager for a broker-dealer. Sysco has also increasingly utilized acquisitions to drive growth in recent years. Finally, Pepsi does not follow the typical dividend payment pattern of the other quarterly dividend stocks that pay dividends in January, April, July, and October. Shares have declined almost 23% year-to-date. Unlike the S&P 500 Dividend Aristocrats, this list of companies is not officially tracked by a ratings companies. Seeking Alpha - Sysco Corporation (SYY) is without a doubt a great company. There are three companies which are set to potentially join the elite list of dividend kings by the end of 2020. The company reported that customers taking advantage of this assistance performed better than those that did not. What are Dividend Kings? Read More . For example, Sysco assisted customers with creating pop up shops located in front of dining rooms. I will provide a summary analysis for Sysco, which is a food service distributor, in this article since it is the newest Dividend King. Dividend investing has proven to the be an effective way for investors to compound their wealth and income over time. This update will cover food distributor Sysco (SYY). Revenue declined by 43% year-over-year, gross profit decreased 6.9%, and adjusted earnings per share swung from $1.10 in the previous year to a loss of $0.29. Dividend kings will offer some stability and structure to your portfolio. It controls about 16% of the $280 billion U.S. foodservice industry. This year, there are several new entrants into this exclusive Dividend Kings, including food distributor Sysco Corporation (SYY). The short answer is that the dividend kings are a list of S&P 500 companies that have increased their dividends for 50 plus years. Dividend kings are companies who have increased their dividend payout for at least 50 consecutive years. In this article, I examine Sysco Corporation (SYY), whose Dividend King status may not be safe due to the impact of the coronavirus. In times of economic uncertainty, we recommend investors stick with tried-and-true dividend stocksFor this reason, we recommend investors look at Sysco Corporation (SYY) , a Dividend King … Should I be holding mostly dividend kings in my portfolio? This is a fairly select list as only 28 companies have successfully done so. Another more useful way to determine which Dividend King is the best investment now is to use the dividend discount model ... SYY also offers restaurant quality … To be considered a dividend King, there is one requirement. Dividend King is a stock with 50 years or more of consecutive dividend increases. Humans, and investors in particular, tend to think in a linear fashion. Does this mean they will always pay a dividend? It has paid a dividend every quarter since it went public in 1970. This quantitatively ranks SYY as a 3-Star Hold stock. Fortunately, Sysco cut costs in its U.S. business to protect its profit margins. In all, Sysco has approximately 600,000 customers. If you thought that becoming a Dividend Aristocrat was difficult, wait until you hear what it takes to be a Dividend King. Sysco’s stable industry and top competitive position, allowed it to raise its dividend each year, even during recessions. Growth companies don’t usually pay out dividends because they try to invest all their earnings and increase the share price. Dividend Kings take this a step further: They're on at least a 50-year streak. Reverting to this target valuation by 2025 would reduce annual returns by 4.5% over this period of time. This is why Sysco’s profits held up well during the Great Recession: Sysco grew earnings-per-share at a double-digit pace in 2008 and 2010, with only a mild dip in 2009. Dividend Kings are companies that have increased their dividend for 50+ consecutive years Sysco Corp SYY:NYSE. SYY's next quarterly dividend payment will be made to shareholders of record on Friday, January 29. Social distancing restrictions in response to COVID-19 severely limited away-from-home dining options for consumers, Source: 2020 Barclays Global Consumer Staple Conference Presentation. Get free options prices and option chains for Sysco Corp (SYY) at Ally Invest. The rate and schedule are determined by the company’s board of directors. There are only 30 such companies in the US, and perhaps a couple more in the rest of the world. Sysco reported its fourth quarter (fiscal 2020) earnings results on August 11th, 2020. I guess completing 5 decades of dividend growth is hard enough! wdt_ID Ticker Company Sector Industry; S&P 500 . While the USA does not have royalty like the UK does, they do however have dividend kings. It serves fresh, refrigerated, and frozen foods to over 50,000 customers, and has a leading presence in the U.K., France, Sweden, Ireland, Belgium, Spain, and Luxembourg. The stock price is down significantly from its 52-week high and simultaneously he yield is approximately 4.5%. Sysco is a Dividend King having raised the dividend for 50 years. A Dividend King. Updated on October 9th, 2020 by Nate Parsh. Let’s take a closer look at Sysco Corporation (SYY), which is a dividend aristocrat and, thanks to 48 consecutive years of dividend growth, is just two years away from becoming a dividend king. 1.25%: $0.65: 21.96%: 15.45%: 13: 23.58: CSV / Excel Export To export this table to CSV or Excel, upgrade to MarketBeat All Access. The stock price is down significantly from its 52-week high and simultaneously he yield is approximately 4.5%. SYSCO Corporation (SYY) Dividend Stock Analysis. The combination of organic sales growth, acquisition-added revenue growth, and share repurchases is expected to result in 5.2% annual earnings-per-share growth, in our view. Return data for August 2019 is shown below: 1. Dividend Kings August 2019 total return: 1.8% 2. Almost 16,000 customers created these market places. We believe this is an attainable goal, due to the company’s strong business model and impressive competitive advantages. The Dividend Kings list can be a good source for selecting dividend stocks. Dividend King #1: Sysco Corporation (SYY) Sysco Corporation is the largest wholesale food distributor in the United States, and is expanding internationally. It has paid a dividend every quarter since it went public in 1970. What they do have are dividend kings though. Instead, shareholder returns will be generated by earnings growth and dividends. Sysco Corporation is about to trade ex-dividend in the next 4 days.You can purchase shares before the 2nd of April in order to receive the dividend, which the company will pay on the 24th of April. Restaurant traffic slowed down, driven by several factors including eroding mall traffic, and low grocery prices. Its most recent increase was a 15.4% raise in November 2019. This should leave Sysco in a solid position once that recovery takes place. But, rest assured. Continued acquisitions such as this help Sysco generate growth in a fairly saturated–and highly competitive–food distribution industry. To be considered a dividend King, there is one requirement. Yes, I said 50 years. Next Ex-Dividend date is expected on 01/07/2021 Last Price $73.22 Cboe Previous Close - Real-Time Last Sale as of 4:00PM ET 12/30/20 Cboe Real-Time Quotes. Today, the index covers about 80% of the available U.S. market capitalization and is comprised of 505 companies. Because Sysco is an overvalued stock, we do not anticipate multiple expansion being a meaningful driver of future shareholder returns. Conclusion: SYY did not earn any Stars in the Fair Value section, earned two Stars in the Dividend Analytical Data section and earned one Star in the Dividend Income vs. MMA section for a total of three Stars. 2020 Barclays Global Consumer Staple Conference Presentation, 2008 earnings-per-share of $1.81 (13% increase), 2009 earnings-per-share of $1.77 (2% decline), 2010 earnings-per-share of $1.99 (12% increase). Sysco should have little trouble increasing its dividend going forward. Currently, there are 31 companies on the Dividend King List. The short answer is that the dividend kings are a list of S&P 500 companies that have increased their dividends for 50 plus years. Quotes Snapshot > SYY. You can see a full downloadable spreadsheet of all 30 Dividend Kings, along with several important financial metrics such as price-to-earnings ratios and dividend yields, by clicking on the link below: Click here to download my Dividend Kings Excel Spreadsheet now. Their status as dividend growth stocks is largely proven. And another soon to be Dividend King, in my opinion. I last wrote about Tootsie Roll Industries (TR) over one year ago. There are no other restrictions to be part of this elite list. The company has taken steps to aid its customers. It is not a small achievement to have been able to reward long-term shareholders with a dividend raise for over half a century. Stocks that carry the Dividend King designation have increased their dividend for 50 consecutive years or more. A Dividend King is a stock with 50 or more consecutive years of dividend increases. A Dividend King The company is a dividend king with a 50-year history of annual dividend increases. The Dividend Kings are a group of 30 companies in the S&P 500 Index, with 50+ consecutive years of dividend increases. Another benefit of Sysco’s business model is that it is resistant to recessions. The Dividend Kings are a well-known group of stocks that have raised the dividend for 50+ consecutive years. As a result, Sysco remains a quality holding within a dividend growth portfolio, but the stock is not a buy at the current price. SYY Dividend History & Description — Sysco Corp. Sysco, acting through its subsidiaries and divisions, is a distributor of food and related products to the foodservice or food-away-from-home industry. A crucial link in the food chain. PepsiCo is a January dividend-paying stock. Sysco Corporation (NYSE:SYY) is about to trade ex-dividend in the next 4 days. 2.42%: $1.80: 89.55%: 25.81%: 40: 195.43: FUL. A dividend king is a company that has managed to increase dividends to shareholders for at least 50 years in a row.. The ex-dividend date for January dividend: Early December; PepsiCo is one of the world’s leading beverage and snack food companies. Sysco stock has had a difficult 2020, mostly due to the impact of the COVID-19 pandemic on restaurants and bars. Set Alert Options Streaming Charts. Our kings list includes or DSO dividend rating which is calculated using weighted scores for yield, dividend growth, revenue growth, payout ratio, yield value and one year return. Sysco also faces the risk of its customers negotiating directly with its suppliers. If it weren’t for the COVID-19 disruptions to the business, we believe that the company’s true “earnings power” would be $3.50. April 18, 2020 November 28, 2020 Dividend Power. I like Dividend Kings with 50+ years of dividend increases. It also provides non-food products including tableware, cookware, restaurant and kitchen supplies, and cleaning supplies. Fuller. Dividend articles featuring Sysco (SYY): 2020-11-20 The Retiree's Dividend Portfolio - Jane's October Update: Time To Take Some Gains 2020-11-16 Minimal Dividend Growth Expected From Sysco And Becton Dickinson In Second Half Of November 2020-11-06 6 Dividend Increases Expected In November 2020 2020-11-04 65 40-Year Plus Annual Dividend Boosters In November Tootsie Roll: Slow And Steady Has Its Virtues . As a result, weekly sales greatly improved over time. Amazon is a great example of a growth company that does not pay a dividend. Fortunately, Sysco does not need to rely on multiple expansion, as the company has an attractive growth profile and dividend. The company has a wide range of customers, which include restaurants, healthcare facilities, education and government offices, travel, leisure and retail businesses. They are the kings of dividend growth. Read More . Just because a company has increased its dividend for 50 years does not mean it will continue forever. Yes, I said 50 years. In 2016, Sysco acquired U.K.-based Brakes Group for $3.1 billion. Dividend Kings are companies that have increased their dividend for 50+ consecutive years. Still, we believe the stock can generate positive returns even at this valuation, through earnings growth and dividends. The Dividend King … In other words, we view the past and assume it will continue without sufficient analysis of what could change. The Dividend Kings are the best in class with respect to dividend endurance. It also has growth potential, and the ability to increase its dividend each year. The Dividend Kings list can be a good source for selecting dividend stocks. The company is a dividend king with a 50-year history of annual dividend increases. Typically it is associated with a class of shares. We do anticipate that this will occur and the company’s dividend will continue to move higher. Here's what you need to know about current Dividend Kings and … Most do not drop off the list except due to mergers or acquisitions, such as Vectren and Connecticut Water Service. The largest Dividend King by market capitalization is Johnson & Johnson NYSE:JNJ. This is a valid question. Irving Wilkinson is the Editor of AlphaBetaStock.com. The best ticker award has to go to ProShares and their S&P500 Dividend Aristocrats ETF – NOBL. SYY Dividend History & Description — Sysco Corp. Sysco, acting through its subsidiaries and divisions, is a distributor of food and related products to the foodservice or food-away-from-home industry. The company already has 51 years of payout increases under its belt. However, what has kept competitors at bay for so many years, is that Sysco is the largest operator in the industry. Sysco is a Dividend King having raised the dividend for 50 years. To become a Dividend King, a company must boost its dividend for at least 50 years in a row. 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