Sysco Corporation (NYSE:SYY) is included among the 11 Best Halal Dividend Stocks to Buy Now.
A butcher shop showcasing fresh meats and seafood for customers.
Sysco Corporation 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 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 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.
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