10-24-2024, 04:14 PM
SEATTLE--(BUSINESS WIRE)-- Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors approved an increase in the company’s quarterly cash dividend from $0.57 to $0.61 per share of outstanding Common Stock. This increase will be effective with the dividend payable on November 29, 2024, to shareholders of record on November 15, 2024, and raises the company’s annual dividend rate to $2.44 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 14 years at a CAGR of approximately 20%.
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%.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan