"The decision by the board to approve the share buyback and the current quarterly dividend payout signifies their confidence that Sysco can continue to generate significant cash flow after investing sufficient capital to grow our business," comments Richard J. Schnieders, chairman and ceo.
The share repurchase program is Sysco's 11th such program since fiscal 1992. Nine of these prior programs have been completed and the 10th, a 20-million share repurchase program approved in July 2002, has approximately 9 million shares remaining.
. . . . .
For news analyses and all market intelligence to help you grow your customers' business, sign up for ID Report by visiting: