Shares of Sysco Corp. said Friday it will raise its quarterly dividend by 9.1% to 36 cents a share, from 33 cents a share. The food distributor said the new dividend will be payable Jan. 26 to shareholders of record on Jan. 5. Based Thursday’s closing share price of $54.48, the new annual dividend rate implies a dividend yield of 2.64%, compared with the implied yield for the S&P 500 of 1.94%. “Sysco is committed to returning value to our stockholders,” said Chief Executive Bill DeLaney. “Sysco has paid a cash dividend every quarter since our founding as a public company in 1970.” Sysco’s stock, which was still inactive in premarket trade, has lost 1.6% year to date, while the S&P 500 has gained 15.5%.
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