Starbucks (SBUX) Raises Quarterly Dividend 7.5% to $0.57; 2.4% Yield

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Go back to Starbucks (SBUX) Raises Quarterly Dividend 7.5% to $0.57; 2.4% Yield

Starbucks Announces Increase in Quarterly Cash Dividend

September 20, 2023 7:00 PM EDT

Commemorates Thirteenth Consecutive Annual Increase with CAGR of Approximately 20%

SEATTLE--(BUSINESS WIRE)-- Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors approved an increase in the companys quarterly cash dividend from $0.53 to $0.57 per share of outstanding Common Stock. This increase will be effective with the dividend payable on November 24, 2023, to shareholders of record on November 10, 2023, and raises the companys annual dividend rate to $2.28 per share.

Starbucks initiated its dividend in 2010 at $0.05 per share of outstanding Common Stock, and increased its dividend consecutively each year over the... More