Evaluating Sysco’s (SYY) Financial Health for Halal Dividend Investing

Sysco Corporation (NYSE:SYY) is included among the 11 Best Halal Dividend Stocks to Buy Now.

Evaluating Sysco’s (SYY) Financial Health for Halal Dividend Investing

A butcher shop showcasing fresh meats and seafood for customers.

Sysco Corporation (NYSE:SYY) is an American multinational company engaged in the marketing and distribution of food and related goods. With operations across North America and Europe, it benefits from a vast distribution system. Its wide range of products — from meat and dairy to non-food items — has played a key role in helping the company manage risks across various economic environments over time.

Sysco Corporation (NYSE:SYY) reported a strong cash position in the first quarter of 2025, ending it with $1.5 billion in cash balance. In the first 39 weeks of FY25, the company generated an operating cash flow of $1.3 billion, and its free cash flow amounted to $954 million. During this period, it returned $1.5 billion to shareholders through dividends and share repurchases.

Sysco Corporation (NYSE:SYY) currently pays a quarterly dividend of $0.54 per share, having raised it by 6% in April this year. Through this increase, the company stretched its dividend growth streak to 55 years, which makes it one of the best halal stocks that pay dividends. The stock has a dividend yield of 2.75%, as of July 18.

While we acknowledge the potential of SYY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SYY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.