Starbucks Pours a Fresh Dividend -- Yield Is 2.2%

The economic slowdown engendered by the coronavirus isn't stopping Starbucks (NASDAQ: SBUX) from maintaining its dividend. On Wednesday, the java giant's board of directors approved a new quarterly dividend of $0.41 per share, matching the preceding three payouts. This will be disbursed on Aug. 21 to stockholders of record as of Aug. 7. The dividend yields 2.2% at Starbucks' most recent closing stock price.

The company began paying a dividend in April 2010 and hasn't let up since. Although not necessarily renowned as a dividend stock, Starbucks has coughed out a distribution in every quarter from that time. Adjusted for a 2015 stock split, the dividend has increased steadily from $0.05 per share to the present level.

Image source: Starbucks.

Source Fool.com