My Top Dividend Stock to Buy in April (And It's Not Even Close)
Starbucks (NASDAQ: SBUX) stock is down over 30% from its all-time high set in July 2021 as investors weigh broader market volatility, inflation concerns, and a management shakeup at the company.
What's more, it is facing threats of unionization. Reports say that at least 100 Starbucks stores have petitioned to unionize, with some workers seeking $25 hourly wages. Despite what the headlines would indicate, the company has been relatively proactive with raising wages. In October 2021, Starbucks announced it would raise its U.S. starting wage to $15 an hour by summer 2022, bringing the average retail hourly rate to nearly $17 per hour.
Meanwhile, CEO Kevin Johnson announced his retirement on March 16, transitioning out of the CEO role on April 4, 2022. In the meantime, Howard Schultz will step in as interim CEO. Starbucks expects to have a permanent CEO by the fall.
Source Fool.com
