Sysco Corp, the Houston TX-based foodservice marketer and distributor, has announced a share repurchase program.
Sysco Corp, the Houston TX-based foodservice marketer and distributor, has announced a share repurchase program. The firm’s board of directors has agreed for the company to buy back 20 million shares, making this the company’s 14th share buyback program since 1992.
A repurchase of 20 million shares announced in November 2005 has roughly 1.8 million shares remaining. Sysco says these shares will be repurchased before the new buyback program begins.
Richard J Schnieders, Sysco chairman and chief executive officer, said, “We consider our share repurchase program an important part of our investments. For the last 15 years, we have been able to return a total of approximately $8.2 billion to shareholders, consisting of approximately $5.2 billion in share repurchases and approximately $2.9 billion in dividend payouts.”
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
