Tuesday,
October 22nd the Board of Directors of Starbucks Corporation (SBUX)
announced
a quarterly dividend increase of from $0.57 to $0.61 per share that’s
payable November 29, 2024 to holders of record November 15, 2024.
This represents a 7.02% increase over the last quarterly dividend.
Starbucks initiated its dividend in
2010 at $0.05 per share of outstanding Common Stock, and increased
its dividend consecutively each year over the past 14 years at a CAGR
of approximately 20%.
With current price $97.38 (today's
open), this raise brings their dividend yield to 2.51%.