Starbucks Corporation (SBUX) will start paying a quarterly dividend of $0.10 per share in 2010.

The first ever dividend will be paid on April 23, 2010 to shareholders of record on April 7, 2010. The ex-date for this first dividend of 10 cents is April 5.

Based on a stock price of $24 the annual dividend translates into dividend yield of 1.7% for Starbucks.

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of specialty coffee. The company purchases and roasts high-quality coffees that are sold, along with handcrafted coffee, tea and other beverages and a variety of high-quality food items through company-operated stores. Starbucks also sells a variety of coffee and tea products and licenses its trademarks through other channels such as licensed stores, grocery and foodservice accounts. In addition to its flagship Starbucks Coffee brand, the company sells goods and services under the following brands: Teavana, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Starbucks Reserve and Princi. Starbucks Corporation was formed in 1985.