Starbucks Corporation (NASDAQ:SBUX) Announces Quarterly Dividend of $0.62

Starbucks Corporation (NASDAQ:SBUX) declared a quarterly dividend on Tuesday, December 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.62 per share by the coffee company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 13th.

Starbucks has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Starbucks has a payout ratio of 82.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Starbucks to earn $3.66 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 67.8%.

Starbucks Price Performance

Shares of NASDAQ SBUX traded up $1.08 during mid-day trading on Wednesday, reaching $86.28. 2,409,415 shares of the company traded hands, compared to its average volume of 10,184,808. Starbucks has a fifty-two week low of $75.50 and a fifty-two week high of $117.46. The firm has a market cap of $98.11 billion, a PE ratio of 52.57, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. The stock has a fifty day simple moving average of $84.04 and a 200-day simple moving average of $87.70.

Starbucks (NASDAQ:SBUX) last released its earnings results on Wednesday, October 29th. The coffee company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Starbucks had a negative return on equity of 31.32% and a net margin of 4.99%.The firm had revenue of $9.57 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts predict that Starbucks will post 2.99 EPS for the current fiscal year.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.