It seems to me that this is an ideal stock where you're paid to wait. W/dividend approaching 5% and growing...this is a nice defensive place to park some $$. The downside SHOULD hold the lows...and yes, it could plod back...good company
The same is true even in eating behaviors, according to a recent Janney Montgomery Scott report. Consumers across the income spectrum are seeking more values, with lower income households most likely to move to private-label brands and use coupons, while wealthier consumers were deciding to eat at home and not out, analyst Jonathan Feeney wrote in the report.
Common sense says people will still eat out. Go to a restaurant and look. Further, Sysco has clients other than restaurants. They have institutional clients whose business doesn't drop off in a recession.
And the bottom line is that they stand either at the top, or near the top, of companies that raised their dividend this year. A 9% increase in 2009. I noticed that none of you ever responded to my post on that. It's not disputable. Not subject to opinion. It's cash.
Yes, there's a recession. Yes, Sysco and most other companies suffer in a recession. But Sysco was still strong enough to raise their dividend 9%.
What did your other stocks do with their dividend? And how much of a raise did you get at work?
Sysco has raised their dividend every year of their public existence. Sysco's recent record on dividend increases...as you can see, up 9% is a bad year for them: 2009 +9.1% 2008 +15.8 2007 +11.8 2006 +13.3 2005 +15.4 2004 +18.2 2003 +22.2