Starbucks (SBUX) will raise its quarterly dividend by 13.9 percent to $0.41 per share in 2019. This will mark the 9th consecutive year of annual dividend increases by the specialty coffee company.

The next dividend is payable on November 29, 2019, to shareholders of record as of November 13, 2019. A new annual rate of $1.64 per share yields 2.0% at a stock price of $82.37.

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.