Should You Buy This Stock for Growing Passive Income?
The best dividend stocks are those that find a way to generate steady and growing bottom-line profits. One way to do that is to embed themselves into the daily routines of consumers. This is can be accomplished through a combination of immense brand power and consistently satisfying products or services. Few businesses have managed to balance their brand with their product quality like the coffee and cold beverage chain operator Starbucks (NASDAQ: SBUX).
Starbucks' ongoing success in this regard has allowed the company to pay out a consistent dividend and to boost its dividend payout for 12 consecutive years. But does Starbucks' dividend (which currently yields 2.3%) make it a buy for income investors?
Let's dive into the company's fundamentals and valuation to see if we can find an answer.
Source Fool.com
