SEATTLE, USA – Starbucks Corporation yesterday announced that its Board of Directors approved an increase in the company’s quarterly cash dividend from $0.53 to $0.57 per share of outstanding Common Stock.
This increase will be effective with the dividend payable on November 24, 2023, to shareholders of record on November 10, 2023, and raises the company’s annual dividend rate to $2.28 per share.
Starbucks initiated its dividend in 2010 at $0.05 per share of outstanding Common Stock, and increased its dividend consecutively each year over the past 13 years at a CAGR of approximately 20%.
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee.
Today, with more than 37,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world.