Starbucks Corporation (SBUX) to Distribute Quarterly Dividend of $0.63 on November 27th

Starbucks Corporation (NASDAQ:SBUX) declared a quarterly dividend on Wednesday, September 16th. Investors of record on Friday, November 13th will be given a dividend of $0.63 per share by the coffee company on Friday, November 27th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th. This is a 1.6% increase from Starbucks’s previous quarterly dividend of $0.62.

Starbucks has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Starbucks has a dividend payout ratio of 84.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Starbucks to earn $3.75 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 67.2%.

Starbucks Stock Up 0.5%

Shares of NASDAQ SBUX opened at $109.95 on Wednesday. The firm has a market cap of $125.34 billion, a PE ratio of 49.75, a P/E/G ratio of 1.81 and a beta of 1.01. The company’s fifty day simple moving average is $99.25 and its 200 day simple moving average is $100.18. Starbucks has a 12-month low of $81.97 and a 12-month high of $111.50.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, October 29th. The coffee company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.22 billion. Starbucks had a net margin of 6.66% and a negative return on equity of 38.61%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts predict that Starbucks will post 3.22 earnings per share for the current year.

Starbucks Company Profile

Starbucks Corporation is a global coffee company that roasts, markets and sells coffee and other beverages, along with food and related merchandise. Its offerings include brewed coffee, espresso-based drinks, teas and packaged coffee products. The company serves customers through company-operated and licensed stores, as well as through retail and food-service partnerships. Its stores also sell items such as mugs and coffee-making equipment. Founded in Seattle in 1971, Starbucks operates in North America and international markets, including China.