Starbucks Corp. (SBUX) Director Sells $742,789.80 in Stock

Starbucks Corp. (NASDAQ:SBUX) Director Myron E. Ullman III sold 12,654 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $58.70, for a total transaction of $742,789.80. Following the completion of the transaction, the director now directly owns 26,654 shares of the company’s stock, valued at $1,564,589.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Thursday, August 4th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 2nd. This represents a $0.80 annualized dividend and a yield of 1.37%.

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