Starbucks Announces Increase in Quarterly Cash Dividend

Rhea-AI Summary

Starbucks Corporation (NASDAQ: SBUX) has announced an increase in its quarterly cash dividend from $0.45 to $0.49 per share, marking the eleventh consecutive annual dividend hike. This increase will be effective for the dividend payment scheduled on November 26, 2021, for shareholders of record on November 12, 2021. The annual dividend now totals $1.96 per share. Starbucks has consistently raised its dividend since initiating it in 2010.

Positive

• Quarterly cash dividend increased from $0.45 to $0.49 per share.
• Annual dividend raised to $1.96 per share.
• Eleventh consecutive annual increase in dividend.

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• None.

Marks Eleventh 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 $0.45 to $0.49 per share. This increase will be effective with the dividend payment to be distributed on November 26, 2021, to shareholders of record on November 12, 2021, and raises the company’s annual dividend to $1.96 per share.

Starbucks initiated its dividend in 2010 and has increased it in each of the past 11 years.

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 33,000 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/20210929005891/en/

Contacts:

Starbucks Contact, Investor Relations:

Greg Smith

206-318-7118

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 Starbucks (SBUX)?

Starbucks has increased its quarterly dividend to $0.49 per share.

When will the new dividend for Starbucks (SBUX) be paid?

The new dividend will be paid on November 26, 2021.

What was the previous dividend amount for Starbucks (SBUX)?

The previous dividend amount was $0.45 per share.

How long has Starbucks (SBUX) been increasing its dividend?

Starbucks has increased its dividend for eleven consecutive years.