Sysco, the food distributor not the tech company, raised its quarterly dividend by 4% from $0.24 to $0.25. Sysco has increased its dividend every year for the past 40 years since becoming a public company. Canadian Investors looking for a similar company should look at Colabor (GCL) with a current yield of 8%.
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Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates 186 distribution facilities serving approximately 400,000 customers. For the fiscal year 2009 that ended June 27, 2009, the company generated more than $36 billion in sales.
Canadian Investors looking for a similar company should look at Colabor with a current yield of 8%.
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COLABOR GROUP INC. is a wholesaler and distributor of food and non-food products serving the retail (grocery stores, convenience stores, etc.) and food-service (cafeterias, restaurants, hotels, restaurant chains, etc.) markets.
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