Last month, Sysco announced that they are increasing their quarterly dividend per share from $0.29 to $0.30. This was speculated in a recent post (link here). This move will increase the dividend 3.4%.
Owning assets that grow their dividends is one way the fund plans to build wealth. This will be the second holding of the fund to increase its dividend. Increasing the dividend also speeds up the effect of the reinvestment sharebuilding plan.
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