(NASDAQ: SBUX) stock has been on a roller-coaster ride over the last several years, which may come as a surprise given how established the company is. But the COVID-19 pandemic heavily disrupted Starbucks' performance in its two largest markets -- the U.S. and China. And now, investors are trying to find a reasonable price for Starbucks stock and determine where the company's long-term growth will come from.

Over the last five years, shares have reached a low of $50.02 (during the peak of the pandemic-induced sell-off on March 18, 2020) and hit a high of $126.06 on July 26, 2021. Now shares are in the low- to mid-$90 range, in limbo and seeking direction.

The stock price may have been all over the place, but one aspect of consistency has been the dividend. Starbucks continues to make sizable dividend raises every year. Here's why Starbucks is an overlooked dividend stock, and why the dividend deserves to play a role in the long-term investment thesis for the company.

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Source Fool.com