American multinational chain of coffeehouses Starbucks Corporation (SBUX) has announced a quarterly dividend of $0.49 per share, an increase of about 9% from the previous dividend of $0.45. Following the news, shares of the company gained marginally to close at $112.40 in extended trade on Wednesday. The dividend will be paid on November 26, 2021, to shareholders of record as of November 12, 2021. The company’s annual dividend of $1.96 per share now reflects a dividend yield of 1.7% based on Wednesday’s closing price. Notably, the company has been raising its quarterly dividend consistently over the past five years, making it an attractive choice for investors.
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Starbucks (NASDAQ:SBUX)
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