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Sysco (SYY) already pays a fairly high dividend. Oftentimes, stocks with high dividend yields are traps because the lower share price merely reflects the market’s belief that the dividend will soon be cut. That isn’t the case with Sysco as they just raised their quarterly dividend, from 24 cents a share to 25 cents a share. That’s $1 for the whole year. Going by the current price, that’s a yield of 3.7% which is more than a 10-year Treasury bond.

Posted by edelfenbein at November 19, 2009 9:51 AM