Starbucks As of November 25, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
SBUX $2.12 8.2% 8.9% 9.8%
Business yield Hike yrs 5 yr CAGR freq. paid since
Coffee Stores 2.1% 12 12.1% Quarter 2010
Starbucks hikes dividend by 8.2%

On September 28, 2022, Starbucks Corporation (SBUX) announced that it will raise its quarterly dividend by 8.2% to $0.53 per share. This follows a dividend hike of 8.9 percent to $0.49 per share in 2021 and will mark the 12th consecutive year of annual dividend increases by the specialty coffee company.

This increase will be effective with the dividend payment to be distributed on November 25, 2022, to shareholders of record on November 11, 2022, and raises the company’s annual dividend rate to $2.12 per share. Starbucks initiated its dividend in 2010 and has increased it in each of the past 12 years. A new annual rate of $2.12 per share yields 2.4% at a stock price of $87.

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.

Dividend Calendar

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Ex-date Ticker Yield YTD hike
Dec 05 ROST 1.1% 8.8%
Dec 05 CI 1.2% 0.0%
Dec 06 AVY 1.4% 0.0%
Dec 06 ODFL 0.4% 50.0%
Dec 06 BLK 2.6% 18.2%
Dec 06 AEE 2.7% 7.3%
Dec 06 AME 0.6% 10.0%
Dec 06 SLB 1.4% 40.0%
Dec 07 HAL 1.3% 166.7%
Dec 07 NEM 4.8% 0.0%