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SYSCO ANNOUNCES DIVIDEND INCREASE, MANAGEMENT CHANGES AT ANNUAL SHAREHOLDERS' MEETING; SHAREHOLDERS RE-ELECT FIVE DIRECTORS

 HOUSTON, Nov. 5 /PRNewswire/ -- John F. Woodhouse, chairman and chief executive officer of Sysco Corporation (NYSE: SYY), announced to shareholders at the company's annual meeting today that the board of directors raised the quarterly cash dividend from 7 cents per share to 9 cents per share. The new dividend rate, which is payable Feb. 18, 1994, to shareholders of record Jan. 28, 1994, represents the 24th increase approved during Sysco's 23 years of operations as a public company. "This increase reflects the directors' confidence that Sysco's underlying sales and financial strengths are sufficient to support the company's continuing market share gains and future expansion."
 In addition to the dividend increase, the board approved the promotions of two officers to new positions within the corporation. John K. Stubblefield Jr., who is currently vice president and controller, will become senior vice president and chief accounting officer and continue as controller. William J. DeLaney, has been promoted to vice president in addition to his current post as treasurer of the company. Both appointments will be effective Jan. 1, 1994, following the retirement of E. James Lowrey, who has been Sysco's executive vice president of finance and administration for the past 15 years.
 During the meeting, shareholders also re-elected five directors to serve for three year terms of office. They include John W. Anderson, Bill M. Lindig, Richard G. Merrill, Donald H. Pegler Jr. and Phyllis S. Sewell.
 Sysco, listed on the New York Stock Exchange, is the nation's largest foodservice marketing and distribution organization. The company provides its products and services to approximately 245,000 customers located across the United States and western Canada. The Sysco distribution network currently covers virtually the entire continental United States, including all of its 150 largest cities.
 -0- 11/5/93
 /CONTACT: E. James Lowrey, executive vice president - finance and administration of Sysco, 713-584-1390/
 (SYY)


CO: Sysco Corporation ST: Texas IN: FOD SU: DIV PER

CK-TW -- NY038 -- 1235 11/05/93 12:40 EST
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Publication:PR Newswire
Date:Nov 5, 1993
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