Friday, March 16, 2012

Sysco (SYY) largest food distributor in the world!

Dividend Machine for March 12, 2012
           
            We have been very fortunate to have already profiled a couple of companies that are not only dividend machines but also have provided covered call income opportunities.    This week, however, we have a straight forward dividend machine.  This company has delivered increased dividends every year for 35 years.

            Is it any wonder that as the world’s population grows and as food distribution increases, that the world’s largest food distributor also grows?   What a wonderful world we live in when we get to share in the income of this endeavor.

                       
DIVIDEND MACHINE SYY



Price when profiled
$29.69
Last 4 Qtrs Earnings
$1.89
Last 4 Qtrs Dividends
$1.04
Current Qtr Dividend
$0.27
Annualized Div Yield
3.64%
No. Years Div Increase
35
Debt/Equity ratio
0.61%


            Sysco (SYY) will pay you $.27 per share on April 27, 2012 provided you own it by April 13, 2012.  SYY is trading around $29.69 per share with a dividend yield of 3.58%.  Sysco earned $1.89 per share during the past four quarters and paid out $1.04 over the same time frame.  Sysco’s debt to equity ratio is .61.

            Consider SYY for your dividend portfolio.

Very Truly Yours,

TheMoneyMadam