Starbucks Corporation (NASDAQ:SBUX) Raises Dividend to $0.63 Per Share

Starbucks Corporation (NASDAQ:SBUX) declared a quarterly dividend on Wednesday, October 7th. Stockholders of record on Friday, November 13th will be given a dividend of $0.63 per share by the coffee company on Friday, November 27th. This represents a $2.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 13th. This is a 1.6% increase from Starbucks’s previous quarterly dividend of $0.62.

Starbucks has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Starbucks has a payout ratio of 82.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Starbucks to earn $3.15 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 78.7%.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $93.58 on Thursday. The company has a market cap of $106.68 billion, a P/E ratio of 53.78, a PEG ratio of 1.39 and a beta of 0.98. Starbucks has a 1 year low of $77.99 and a 1 year high of $110.51. The stock’s fifty day moving average price is $101.79 and its 200-day moving average price is $100.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.66 by $0.19. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The company had revenue of $9.32 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period last year, the firm posted $0.50 earnings per share. Starbucks’s revenue was down 1.4% compared to the same quarter last year. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, sell-side analysts anticipate that Starbucks will post 2.59 earnings per share for the current year.

About Starbucks

Starbucks Corporation is a global specialty coffee company that operates coffeehouses and sells coffee, tea and other beverages, along with food products and merchandise. Its menu includes brewed coffee, espresso-based drinks, cold beverages, teas, bakery items and ready-to-eat food. Starbucks also markets packaged coffee, ready-to-drink beverages and related products through retail and grocery channels, often through licensing and other business partnerships.

Founded in Seattle in 1971, Starbucks expanded from a local coffee retailer into an international brand.