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Starbucks approves quarterly dividend of $0.41 per share of outstanding Common Stock

Starbucks

SEATTLE, U.S. – Starbucks Corporation yesterday announced that its Board of Directors has approved a dividend of $0.41 per share of outstanding Common Stock.

The dividend will be payable in cash on August 21, 2020 to shareholders of record on August 7, 2020.

Starbucks will consider closing up to 400 locations over the next 18 months as it looks to focus on quick pickup options such as drive-thrus, and curbside and mobile-only pickup stores.

Starbucks plans to open 300 quick pickup locations during its fiscal year. Some 80 percent of Starbucks transactions were on-the-go prior to the onset of the coronavirus pandemic, Starbucks said in a statement.

Opening more pickup stores will make it easier to maintain social distancing.