Starbucks announces $0.62 quarterly dividend payable in February

Published 02/12/2025, 22:34
© Reuters.

SEATTLE - Starbucks Corporation (NASDAQ:SBUX) announced Tuesday that its Board of Directors has approved a quarterly cash dividend of $0.62 per share of outstanding Common Stock. The dividend will be paid on February 27, 2026, to shareholders of record as of February 13, 2026. This payment continues the company’s 16-year streak of consecutive dividend payments, with the current annual dividend of $2.48 per share yielding approximately 2.92%.

The coffee chain, which operates more than 40,000 stores globally, made the announcement in a press release statement. The dividend represents the company’s regular quarterly payment to shareholders. With a market capitalization of nearly $97 billion and annual revenue of $37.18 billion, Starbucks remains a prominent player in the Hotels, Restaurants & Leisure industry.

Starbucks describes itself as the premier roaster and retailer of specialty coffee in the world, having been in operation since 1971. The company states it remains committed to ethically sourcing and roasting high-quality arabica coffee.

The dividend announcement comes as part of the company’s regular financial activities. Starbucks, like many publicly traded companies, issues dividends as a way to return value to shareholders.

The announcement contained no additional information about the company’s financial performance or outlook for the upcoming quarters.

In other recent news, Starbucks announced a significant development involving its China operations. The company has formed a joint venture with Boyu Capital, where Boyu will acquire a 60% controlling stake, valuing the business at approximately $4 billion. Starbucks will retain a 40% interest and continue to own and license its brand and intellectual property in the region. This move has led analysts from Bernstein, BMO Capital, and UBS to maintain or reiterate their ratings on Starbucks stock, with Bernstein and BMO Capital both holding an Outperform rating. UBS has maintained a Neutral rating with a $94 price target. Additionally, Starbucks Workers United, representing unionized baristas, is planning strikes in more than 25 cities on November 13, coinciding with the company’s Red Cup Day promotion. This action comes as employees push for a contract after prolonged negotiations. These developments reflect ongoing strategic and labor dynamics within Starbucks.

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