Key Highlights

  • Sysco's $0.55 quarterly dividend has an October 2, 2026 ex-dividend date and is payable October 23 to common stockholders of record.
  • Fiscal 2026 sales rose 3.9% to $84.6 billion, and fourth-quarter sales rose 4.7% to $22.1 billion.
  • Fiscal 2026 GAAP EPS was $3.66, and adjusted EPS, a non-GAAP measure, rose 3.4% to $4.61.
  • Sysco repurchased $200 million of shares in fiscal 2026 and suspended repurchases in connection with the planned Jetro Restaurant Depot acquisition.

Overview

Sysco Corporation's (NYSE:SYY) $0.55 quarterly dividend yields 2.80% and sits beside fiscal 2026 GAAP EPS of $3.66 and adjusted EPS of $4.61. The Board declared it on August 20, 2026, at the rate set by the April 2026 increase of $0.01 from $0.54. The company described a planned annual dividend increase of $0.04 for fiscal year 2027.

Dividend Program and Shareholder Returns

Sysco's Board declared a quarterly cash dividend of $0.55 per share on August 20, 2026, payable October 23 to common stockholders of record at the close of business on October 2.

On April 17, 2026, the Board declared a $0.55 dividend, a $0.01 increase from the prior $0.54, paid for the first time on July 24 to stockholders of record July 2. The company's interim chief financial officer cited its status as a Dividend Aristocrat. Future declarations and record and payment dates remain subject to the Board's final determination.

About the Company

Sysco, headquartered in Houston, is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home, including restaurants, healthcare and educational facilities, lodging establishments and entertainment venues. It operates 333 distribution centers in 10 countries, with 75,000 colleagues serving approximately 670,000 customer locations.

Financial Performance Behind the Payout

Sysco reported fiscal 2026 sales of $84,553 million for the 52 weeks ended June 27, 2026, versus $81,370 million. Fourth-quarter sales were $22,124 million versus $21,138 million. Fourth-quarter gross profit rose 3.7% to $4.1 billion, and operating income rose 10.6% to $983 million.

GAAP EPS was $3.66, down 1.9%. Adjusted EPS was $4.61, up 3.4%, inclusive of $100 million of higher incentive compensation costs, a $0.16 impact. Adjusted operating income was $3.6 billion, up 2.6%, and adjusted EBITDA was $4.4 billion, up 2.2%. Fourth-quarter adjusted EPS was $1.53. Product cost inflation was 3.0% for fiscal 2026.

The Jetro Restaurant Depot Agreement and Suspended Repurchases

On March 30, 2026, Sysco announced an agreement to acquire Jetro Restaurant Depot, which operates 167 large-format warehouse stores across 35 states serving more than 725,000 independent restaurants and foodservice operators. The transaction is subject to regulatory review, with closing by Sysco's third quarter of fiscal 2027.

Sysco repurchased 2,230,415 shares for $200 million in fiscal 2026, with approximately $1.3 billion of authorization remaining as of June 27, and has suspended repurchases in connection with the acquisition. The 10-K cites increased acquisition-related operating expenses in fiscal 2027.

Outlook

Sysco's fiscal 2027 guidance is adjusted EPS growth of 9% to 11%. U.S. local case volume, which grew 2.6% in the fourth quarter, acquisition-related costs and the regulatory review of the Jetro transaction are the items reported alongside that guidance.