Starbucks Announces Increase in Quarterly Cash Dividend

Rhea-AI Summary

Starbucks Corporation (NASDAQ: SBUX) has announced a quarterly cash dividend increase from $0.49 to $0.53 per share, effective for payment on November 25, 2022. This update marks the twelfth consecutive annual increase in dividends since the company initiated its dividend in 2010, raising the annual rate to $2.12 per share. Shareholders of record by November 11, 2022 will benefit from this increment.

Positive

• Quarterly cash dividend raised from $0.49 to $0.53 per share.
• Annual dividend rate increased to $2.12 per share, demonstrating sustained growth.
• 12 consecutive years of dividend increases, indicating strong company performance.

Negative

• None.

Commemorates Twelfth Consecutive Annual Increase

SEATTLE--(BUSINESS WIRE)-- Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.49 to $0.53 per share. This increase will be effective with the dividend payment to be distributed on November 25, 2022, to shareholders of record on November 11, 2022, and raises the company’s annual dividend rate to $2.12 per share.

Starbucks initiated its dividend in 2010 and has increased it in each of the past 12 years.

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 35,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at http://news.starbucks.com or www.starbucks.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220928006026/en/

Starbucks Contact, Investor Relations:

Tiffany Willis

investorrelations@starbucks.com

Starbucks Contact, Media:

Maggie Jantzen

206-318-7100

press@starbucks.com

Source: Starbucks Corporation

FAQ

What is the new dividend amount for SBUX?

The new dividend amount for SBUX is $0.53 per share.

When is the SBUX dividend payment date?

The dividend payment date for SBUX is November 25, 2022.

Who qualifies for the SBUX dividend?

Shareholders of record on November 11, 2022, will qualify for the SBUX dividend.

How long has SBUX been increasing its dividend?

SBUX has increased its dividend for twelve consecutive years.

What is the annual dividend rate for SBUX now?

The annual dividend rate for SBUX is now $2.12 per share.