Starbucks Announces Increase In Quarterly Cash Dividend From $0.57 To $0.61 Per Share
Portfolio Pulse from Benzinga Newsdesk
Starbucks Corporation has announced an increase in its quarterly cash dividend from $0.57 to $0.61 per share, marking its fourteenth consecutive annual increase. The new dividend will be payable on November 29, 2024, to shareholders of record on November 15, 2024.
October 22, 2024 | 8:12 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Starbucks has increased its quarterly dividend from $0.57 to $0.61 per share, continuing its 14-year streak of annual increases. This reflects a strong commitment to returning value to shareholders.
The increase in Starbucks' dividend is a positive signal to investors, indicating financial health and a commitment to shareholder returns. This is likely to have a positive short-term impact on the stock price as it enhances investor sentiment.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100