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Sysco Increases Quarterly Dividend by 15.4%

HOUSTON - Sysco Corp. today announced at its annual meeting of shareholders that the company's Board of Directors has approved a 15.4% increase in the quarterly cash dividend to $0.15 per share from the current $0.13 per share.

The new dividend is payable on Jan. 28, 2005, to common shareholders of record at the close of business on Jan. 7, 2005.

Richard J. Schnieders, chairman and chief executive officer, said, "This dividend increase, the 36th in Sysco's 35-year history, reflects the board's confidence in the company's future prospects. We are pleased to be able to share the benefits of Sysco's consistent growth and earnings performance with our shareholders, who have received approximately $1.8 billion in dividends since our founding."

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