SYY Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
SYY Payout Ratio by year
Yearly range of SYY’s payout ratio from 2016 to 2026. Over the full period it ranged from 27.5% to 157.2%, averaging 60.2%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 53.6% | 54.9% | 56.3% | 53.6% |
| 2025 | 47.3% | 57.2% | 62.2% | 57.7% |
| 2024 | 45.7% | 49.4% | 54.9% | 54.9% |
| 2023 | 36.0% | 43.1% | 50.0% | 41.9% |
| 2022 | 64.9% | 104.0% | 154.6% | 84.7% |
| 2021 | 56.1% | 92.7% | 157.2% | 157.2% |
| 2020 | 50.6% | 71.2% | 95.1% | 70.5% |
| 2019 | 44.9% | 49.9% | 58.0% | 58.0% |
| 2018 | 43.8% | 47.1% | 50.8% | 50.8% |
| 2017 | 33.8% | 39.2% | 50.1% | 37.2% |
| 2016 | 27.5% | 35.9% | 44.3% | 44.3% |
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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.
TTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.
- FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
- Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.