(NASDAQ: SBUX) has been an excellent dividend stock for investors, with a dividend yield of nearly 3% as of this writing and a strong history of dividend increases. But how much is the coffee giant spending on dividends this year?

Starbucks has a quarterly dividend of $0.57 per share as of July 2024. This means that for every share of stock, Starbucks pays an annual dividend of $2.28 per share.

As of the latest financial reports, Starbucks had 1.13 billion shares of stock outstanding. Multiplying this by the yearly per-share dividend shows that Starbucks will pay approximately $2.58 billion in dividends this year.

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Source Fool.com