Sysco is huge in the food industry, they are also one of the Dividend Aristocrats, A small group of companies tat have some very strict rules on becoming a member. One of these rules is that the company must increase its dividend every year for at least 25 years... SYY increases its dividends again to investors by 3.4%. SYY appoint a new president, Greg Keller. Selling off some assets tis week makes the stock rise. SYY also acquired Pacific Star, a food service company in Mexico which added some fuel to stock price raising. Plenty of good news for Sysco, along with the upcoming dividend payment. There is plenty of good to go around with Sysco recently. Looking at the long term stock price, the stock looks good for long term growth and SYY scores a over 90% for their Dividend Capturing strategy.
This topic of your own money is not to be taken lightly, after all your retirement is counting on it. If you have read any of my other blogs or if you have seen any of my investment videos.... you know That I love Dividend Capturing, especially with stock that have a great history of increased Dividend Payouts to their shareholders. Dividend Kings have 50 years or more of dividend increases, Dividend Aristocrats... more than 25 years, Dividend Champions have a minimum of 25 years, Dividend Challengers... more than 10 years. Consistent increases of their dividend payments to their shareholders year after year. I like that and all of my students do too. Worse case scenario.... if the stock market plummets... we still get increased dividend checks every month. Choosing the right Dividend Stock for your portfolio doesn't have to be challenging. Just look at the proven, time tested winners and sign up with The 10 Minute Trader.
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After trading stocks for over 23 years I have come up with a trading strategy that has worked for me and my friends. It's simple and takes less than 10 minutes a day. My annual returns beats the Wall St pros every year. Maybe it's time you did your own investing too.