SBUX just announced a dividend increase of 7.5%
$Starbucks(SBUX)$ just announced a dividend increase of 7.5%
It increased in the company’s 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 company’s 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 past 13 years at a CAGR of approximately 20%.
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