Starbucks (SBUX) will raise its quarterly dividend by twenty percent to $0.30 per share. This follows a 25 percent dividend increase last year by the global coffee company.

The increased dividend will be paid on December 1, 2017 to shareholders of record on November 16, 2017. The new dividend yield for SBUX is 2.1%.

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.