press release

Sept. 29, 2021, 4:05 p.m. EDT

Starbucks Announces Increase in Quarterly Cash Dividend

Marks Eleventh Consecutive Annual Increase

SEATTLE, (BUSINESS WIRE) -- Starbucks Corporation /zigman2/quotes/207508890/composite SBUX +2.69% today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.45 to $0.49 per share. This increase will be effective with the dividend payment to be distributed on November 26, 2021, to shareholders of record on November 12, 2021, and raises the company’s annual dividend to $1.96 per share.

Starbucks initiated its dividend in 2010 and has increased it in each of the past 11 years.

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 33,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at http://news.starbucks.com or www.starbucks.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20210929005891/en/

SOURCE: Starbucks Corporation

Contacts:
Starbucks Contact, Investor Relations:
Greg Smith
206-318-7118
investorrelations@starbucks.com

Starbucks Contact, Media:
Maggie Jantzen
206-318-7100
press@starbucks.com

COMTEX_394264699/2456/2021-09-29T16:05:05

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Copyright Business Wire 2021

/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 112.59
+2.95 +2.69%
Volume: 2.48M
Dec. 1, 2021 11:47a
P/E Ratio
31.87
Dividend Yield
1.74%
Market Cap
$128.63 billion
Rev. per Employee
$75,872
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