If you’re looking to earn passive income through investing, Sysco Corporation (NYSE: SYY) may be a great option for you. Sysco is a leading distributor of food and related products to the food service industry in the United States, Canada, the United Kingdom, France, and internationally. With its upcoming Q2 2025 earnings report on the horizon, now may be a good time to consider investing in Sysco stock.
Analysts are expecting Sysco to post an EPS of $0.93 for the quarter, up from $0.89 in the same period last year. Quarterly revenue is projected to be $20.11 billion, an increase from $19.29 billion in the previous year. The stock has a 52-week range of $69.03 to $82.89, offering potential for growth.
One attractive feature of Sysco stock is its dividend yield of 2.79%. Over the last 12 months, the company has paid out $2.04 per share in dividends. This means that if you own approximately 589 shares of Sysco stock at a price of $73.07 each, you could earn $100 per month in dividends, totaling $1,200 annually.
To calculate the number of shares needed to generate your desired income, you can use the formula: Desired annual income / Dividend yield. In this case, $1,200 / 0.0279 = $43,011, which is the approximate investment value required to earn $100 per month from Sysco dividends.
It’s important to note that dividend yield can fluctuate based on changes in stock price and dividend payments. As stock prices rise or fall, the dividend yield will adjust accordingly. For income-focused investors, Sysco stock may present an attractive opportunity to earn a steady stream of passive income.
In conclusion, investing in Sysco stock could be a viable way to generate $100 per month in passive income. With a strong track record of dividend payments and a solid outlook for future growth, Sysco offers investors the potential for both income and capital appreciation. Consider speaking with a financial advisor to determine if Sysco stock aligns with your investment goals and risk tolerance.
In summary, Sysco Corporation presents a compelling opportunity for investors seeking to earn passive income through dividend payments. With a solid track record of performance and a strong outlook for future growth, Sysco stock may be worth considering for your investment portfolio.
