Yesterday, September 30 the Board of Directors of Starbucks
Corporation announced a quarterly dividend increase of from $ 0.41 to $ 0.45
per share that’s payable November 27, 2020 to holders of record November 12,
2020. This represents a 9.76% increase over last quarterly dividend.
“The Board’s decision to raise our quarterly dividend
demonstrates confidence in the strength of our recovery and the robustness of
our long-term growth model,” said Kevin Johnson, Starbucks president and CEO.
“Our cash flow generation is strong, and we remain committed to reducing our
financial leverage while continuing to invest for future growth,” concluded
Johnson.
With current price $ 87.04 (today's open), this raise
brings their dividend yield to 2.07%.