Own Starbucks by Nov. 13 to Qualify for Its Nov. 27 Dividend. Here's How Many Shares You'd Need for $500 in Yearly Dividends.
Starbucks may finally be turning the corner after years of lackluster returns.
Investors who purchase Starbucks stock by November 13 will qualify to receive the company's upcoming dividend payment of $0.63 per share on November 27. This results in an annualized dividend yield of 2.6% for shareholders. To earn at least $500 in yearly dividends, an investor would need to acquire 199 shares of Starbucks, which would equate to a total investment of $19,406 at the current stock price of $97.52 per share.
Starbucks transitioned from a high-growth company to a reliable dividend stock due to a shift in strategy spearheaded by co-founder Howard Schultz. The company's initial success came from Schultz's vision of creating a "third place" for customers, combining work/school and home environments. Initially focused on expansion and global presence, Starbucks has since shifted its focus to improving store quality, reducing costs, and increasing margins.
The company has completed remodels in North American stores and significantly reduced the number of company-owned stores in the U.S. and China. By adopting a licensing model in China, Starbucks aims to achieve 20,000 stores in the future, while maintaining a focus on delivering a high-quality customer experience.
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