Summary
Sysco's dividend track record is stellar. The company has paid a dividend every quarter since it went public in 1970, and has raised it every year since 1977.
Its large size and geographical reach serve as its key competitive advantage and allows the company to earn outsized profits relative to the competition.
Growth prospects are solid, as restaurant sales are growing all across the globe.
Sysco's (NYSE: SYY) proven business model, solid financial performance throughout the years, and strong growth prospects make it an attractive investment choice for dividend growth investors. The company is currently reasonably valued, and perhaps a tad expensive. Investors might prefer to wait for a pullback before initiating a position.
Business Overview
Sysco is the world's largest food distributor, providing fresh, frozen and produced foods and beverages, as well as assorted cooking, eating and restaurant supplies, to over 500,000 locations and customers, mostly restaurants. The company dwarfs most of its peers, with a market cap more than 5 times as large as its nearest US competitor:
