Starbucks Corporation (SBUX) to Issue Quarterly Dividend of $0.62 on August 28th

Starbucks Corporation (NASDAQ:SBUX) announced a quarterly dividend on Wednesday, June 10th. Investors of record on Friday, August 14th will be given a dividend of 0.62 per share by the coffee company on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th.

Starbucks has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 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 analysts expect Starbucks to earn $3.12 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 79.5%.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $106.66 on Wednesday. The stock’s 50-day moving average is $102.99 and its 200 day moving average is $99.75. The company has a market cap of $121.59 billion, a PE ratio of 61.30, a P/E/G ratio of 1.81 and a beta of 0.97. Starbucks has a 1 year low of $77.99 and a 1 year high of $109.23.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Wednesday, July 29th. The coffee company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Starbucks had a negative return on equity of 34.10% and a net margin of 5.17%.The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. Analysts expect that Starbucks will post 2.64 EPS for the current fiscal year.

About Starbucks

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.