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SYSCO DECLARES 100 PERCENT STOCK DIVIDEND AND INCREASES CASH DIVIDEND

 SYSCO DECLARES 100 PERCENT STOCK DIVIDEND AND INCREASES CASH DIVIDEND
 HOUSTON, May 13 /PRNewswire/ -- The board of directors of Sysco Corporation (NYSE: SYY) today declared a 100 percent stock dividend, payable June 19, 1992 to shareholders of record May 22, 1992, and increased the regular quarterly cash dividend 20 percent to $0.06 per share. The cash dividend will be paid Aug. 14, 1992 to shareholders of record at the close of business on July 31, 1992. This is the fourth 100 percent stock dividend declared during the past ten years.
 "SYSCO experienced a return to double-digit real sales growth in its primary business, the marketing and distribution of food and related products to traditional foodservice operators, in the third fiscal quarter," said John F. Woodhouse, chairman and chief executive officer of the company. "This growth, which has been adjusted for the impact of acquisitions and food cost deflation, has continued through the first five weeks of the fourth quarter. The directors' actions reflect their confidence in the ability of the company to enhance its leadership position in the industry through the further market share gains and improved operating efficiencies. The cash dividend increase is consistent with Sysco's anticipation of higher earnings and greater future cash flow and is in line with the company's practice of providing the benefits of its growth to its shareholders."
 Sysco is the nation's largest foodservice marketing and distribution organization. The company provides its products and services to approximately 230,000 customers located across the United State and Western Canada. The Sysco distribution network currently covers virtually the entire continental United States, including all of its 150 largest cities. For the nine months ended March 28, 1992 the company reported sales of $6.54 billion and net earnings of $121.9 million.
 -0- 5/13/92
 /CONTACT: E. James Lowrey, executive vice president-finance & administration of Sysco, 713-584-1390/
 (SYY) CO: Sysco Corporation ST: Texas IN: FOD SU: DIV


SH-SM -- NY031 -- 9600 05/13/92 10:58 EDT
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Publication:PR Newswire
Date:May 13, 1992
Words:331
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