Starbucks may not be the Wall Street darling it once was, but it's shaping up to be a great stock for dividend investors.
Starbucks (NASDAQ:SBUX) stock has had a rough run recently,
with shares essentially going nowhere over the last three years. But the
stock's underperformance along with management's invigorated commitment to
returning capital to shareholders through share repurchases and dividends are
beginning to make the stock attractive -- especially for dividend investors.
With anemic comparable-store sales growth of just 1% in the
most recent quarter, Starbucks certainly isn't the growth stock it was in years
past. But an aggressive capital return program paired with management's efforts
to run a leaner operation make Starbucks a cash cow worth betting on. Put
another way, Starbucks has morphed into a solid dividend stock.
Here are four reasons for investors to love Starbucks'
dividend.
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