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On Monday morning, Sysco Corporation (NYSE:SYY) reported second quarter earnings. The results of earnings and revenue both came in higher than analysts' estimates. For some reason, shares traded down on the report and now offer income investors a new buying point.

Sysco reported second quarter revenue of $10.8 billion, which was an increase of 5.4% from the previous year. Sysco's revenue was a record for second quarter revenue. Analysts were looking for revenue of $10.70 billion. Earnings per share, on an adjusted basis, came in at $0.49. Analysts were looking for $0.41, which was actually a decline from the prior year's $0.43. Earnings per share were adjusted because of retirement plans. Sysco is restructuring many of its pension plans to lessen the impact going forward.

Sysco's growth continues through organic and acquisition growth. Sysco has spent $775 million on 10 acquisitions in the fiscal year. In December alone, Sysco acquired four companies. Those four acquisitions were Appert's Foodservice, Buchy Food Service, Central Seafood Company, and Distrago Foodservice.

Sysco continues to invest in its future through acquisitions. Changes to pension plans will also free up cash flow and profits going forward. This is part of the reason why the company continues to be able to pay a strong dividend and reward shareholders. Shares currently yield 3.5%, with a quarterly dividend of $0.28. Every year, the company raises the dividend, normally by $0.01 a quarter. Today's share price could allow you to buy in to lock in a high yield that will continue to grow.

Today, shares are trading down 3% at $31.22. Shares hit a new 52 week high recently at $32.40. Analysts expect earnings per share of $1.93 in the current fiscal year, representing a price to earnings ratio of 16. Going forward, analysts expect earnings to grow to $2.12, representing a forward price to earnings ratio of 14.7. Look for Sysco to beat earnings in the next quarter and fiscal 2013.

The company is growing around the country and continues to acquirer smaller competitors. Sysco is also acquiring food producers like Central Seafood that will increase profit margins and allow the company to offer new products to its Foodservice customers. Sysco is also trying to increase brand awareness with a partnership with the Food Network, which should help it pick up additional customers in small business. Sysco has a bright future ahead, and you could be collecting a generous yield while watching the company grow.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in SYY over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.