Is Starbucks a Great Dividend Stock?
Coffee shop giant Starbucks (NASDAQ: SBUX) raised its dividend payouts by 14% six months ago. The dividend yield peaked at 2.7% in the darkest part of the COVID-19 health crisis but fell back to 2% as Starbucks' stock recovered.
Many companies have paused or even canceled their dividend policies in order to conserve cash during the coronavirus pandemic. Starbucks has not made that move yet, and management has told investors that the dividend will stay intact.
On Starbucks' second-quarter earnings call near the end of April, CFO Patrick Grismer explained the cash-saving steps his company is taking.
Source Fool.com