Starbucks
Corporation (NASDAQ:SBUX) operates as a roaster, marketer, and retailer of
specialty coffee worldwide. The company initiated its dividend in 2010 and has
been growing distributions rapidly since then. While the company has only
managed to increase dividends for four years in a row, I believe that it has
the potential to reach dividend achiever status, and has the growth story to
become as successful for its dividend growth investors.
The most
recent dividend increase was in November 2016, when the Board of Directors
approved a 25% increase in the quarterly dividend to 25 cents/share. The
company’s competitors include McDonald’s Corporation (NYSE:MCD), Nestle SA
(ADR) (OTCMKTS:NSRGY) and Dunkin Brands Group Inc (NASDAQ:DNKN).
Since the
company initiated a dividend payment in 2010, the stock has returned 315%.
Future investment returns will be dependent on growth in earnings and dividend
yields obtained by shareholders, as well as the initial valuation (1) locked in
at the time of investment.
Source:
Insider Monkey
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