Starbucks Corp (NASDAQ:SBUX) recently announced a dividend of $0.57 per share, payable on 2024-05-31, with the ex-dividend date set for 2024-05-16. Investors are eagerly anticipating this upcoming payment, and are also interested in the company’s dividend history, yield, and growth rates. Let’s delve into Starbucks Corp’s dividend performance using data from GuruFocus.
Starbucks is a globally recognized restaurant brand with over 38,000 stores across 80 countries. The company operates in three segments: North America, international markets, and channel development. Revenue comes from various sources such as company-operated stores, royalties, and sales of products.
When assessing the sustainability of Starbucks Corp’s dividend, it’s crucial to look at the payout ratio, which currently stands at 0.60 as of March 31, 2024. A lower ratio indicates that the company retains more earnings for future growth and unforeseen circumstances. The company’s profitability rank is 9 out of 10, showcasing strong profitability over the past decade.
In terms of growth metrics, Starbucks Corp’s rank is 9 out of 10, indicating a positive growth trajectory compared to competitors. The company’s revenue and earnings per share growth rates are impressive, outperforming a significant portion of global competitors.
With consistent dividend growth, a solid payout ratio, and strong profitability and growth metrics, Starbucks Corp presents an appealing option for investors seeking stable dividend income with growth potential. As the company continues to expand and innovate, the outlook for its dividend sustainability looks promising. Investors looking for high-dividend yield opportunities can explore further using GuruFocus Premium tools.