Starbucks Dividend Increase -

Starbucks Dividend Increase

Oct 25, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashOn 23 October, Starbucks (SBUX) increased its quarterly dividend by 7.02%, from 0.57¢ to 0.61¢ per share.The dividend will be paid on 29 November to shareholders of record on 15 November. The ex-dividend date is 15 November.SBUX’s contribution to DivGro’s projected annual dividend income will increase by $27.20 to $414.80.I own 170 shares of SBUX at an average cost basis of $65.91 per share. Following this increase, my yield on cost is 3.70%. (SBUX’s forward yield is 2.50% at $97.74 per share). Since I opened my SBUX position in June 2017, the stock has produced total returns of 64%, including $1,780.90 in dividend income. That’s an annualized rate of return of 9.0%.SBUX became DivGro’s 37^th Home Run stock in July 2021, when the stock doubled my original capital outlay. 5-Year History of Dividend Payouts by Ex-Date

2019 2020 2021 2022 2023 • 2024 $1.49 $1.68 $1.84 $2.00 $2.16 ⬆ $2.32^✝ 12.88% 12.75% 9.52% 8.70% 8.00% ⬇ 7.41% 5-year DGR: 10.35% ⬇ 9.26%

^✝projected, assuming no further changesMore By This Author:Lockheed Martin Dividend IncreaseMicrosoft Dividend IncreaseVerizon Communications Dividend Increase