A Close Look at Starbucks Corporation's Double-Digit Dividend Increase

Last December, I wrote that Starbucks' (NASDAQ: SBUX) dividend could double in four years. After announcing its most recent annual dividend increase earlier this month, the coffee giant is on track with this target. Starbucks increased its dividend by 20%.

With Starbucks' most recent dividend increase fresh in the rearview mirror, it's a good time to take a look at the coffee company's dividend, as well as check in on the underlying metrics in Starbucks' business that support this dividend. Spoiler alert: Its dividend prospects remain tasty.

Image source: Starbucks.

Source: Fool.com