Starbucks Corporation (NASDAQ:SBUX) Plans Quarterly Dividend of $0.62

Starbucks Corporation (NASDAQ:SBUX) announced a quarterly dividend on Wednesday, April 15th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.62 per share by the coffee company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, May 15th.

Starbucks has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. Starbucks has a payout ratio of 82.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Starbucks to earn $3.66 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 67.8%.

Starbucks Trading Down 0.1%

Shares of SBUX opened at $98.34 on Thursday. The firm’s 50-day moving average price is $95.80 and its 200-day moving average price is $89.70. The firm has a market capitalization of $112.04 billion, a price-to-earnings ratio of 81.27, a PEG ratio of 2.19 and a beta of 0.95. Starbucks has a 1-year low of $75.50 and a 1-year high of $104.82.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, January 28th. The coffee company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The company had revenue of $9.92 billion for the quarter, compared to the consensus estimate of $9.62 billion. Starbucks had a net margin of 3.63% and a negative return on equity of 28.66%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. Starbucks has set its FY 2026 guidance at 2.150-2.400 EPS. On average, research analysts forecast that Starbucks will post 2.99 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.