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| Sysco (Photo credit: Wikipedia) |
Dividend Machine for week of March 12, 2013 Sysco, symbol
SYY. This is food for thought!
Sysco, Inc. is North America’s largest food
distributor and provider of other food related products. Sysco was formed when nine companies combined
in 1970. It has been a symbol of steady
dividend growth which is why it qualifies as a dividend machine. I own SYY and will add to my position. See SYY’s dividend fundamentals below.
SYSCO’s DIVIDEND MACHINE FUNDAMENTALS
DIVIDEND
MACHINE
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3/11/2013
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Sysco
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SYY
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Price when profiled
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$33.27
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Last 4 Qtrs Earnings
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$1.84
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Last 4 Qtrs Dividends
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$1.11
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Current Qtr Dividend
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$0.270
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Annualized Div Yield
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3.246%
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No. Years Div Increase
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since 2001
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Debt/Equity ratio
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0.63%
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Sysco closed on Friday, March 8, 2013 at
$33.27. During the past four quarters
the company earned $1.84. Their dividend
payout during that same period of time was $1.11. Their most current quarterly dividend is $.27
which is a yield of 3.246%.
Sysco is a solid company. Their debt to equity (D/E) ratio is only.63. You may recall that a D/E ratio of 1 or less
is what we look for in a company. One
thing dividend investors never want to face is a company that has too much debt
and could lower their dividend in order to meet debt obligations.
Sysco also has a wonderful dividend history. They have raised the dividend at least every
year since 2001. This history is
comforting. We income investors must
receive ever increasing income from the companies we buy.
Sysco has been in my portfolio since I found it met
all the conditions of a dividend machine about one year ago. I have provided a link to my original post on
SYY. I have been rewarded with a very
nice capital gain as well as a healthy dividend history.
Consider SYY for the income producing portion of
your portfolio.
TheMoneyMadam
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