Starbucks Corporation (SBUX) will increase its quarterly dividend by 25 percent to $0.25 per share in 2016. In 2015 the global coffee company also increased its dividend by 25 percent.

The increased dividend is payable on December 2, 2016 to shareholders of record as of November 17, 2016. Starbucks has a dividend yield of 1.9% following today's dividend hike.

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 and has paid a dividend every year since 2010.