Starbucks Corporation (SBUX) To Go Ex-Dividend on August 14th

Starbucks Corporation (NASDAQ:SBUX) declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Friday, August 14th will be given a dividend of 0.62 per share by the coffee company on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th.

Starbucks has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Starbucks has a dividend payout ratio of 82.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Starbucks to earn $3.07 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 80.8%.

Starbucks Stock Performance

Shares of SBUX opened at $104.27 on Friday. Starbucks has a fifty-two week low of $77.99 and a fifty-two week high of $108.88. The business has a 50-day moving average of $101.87 and a 200 day moving average of $96.40. The firm has a market cap of $118.84 billion, a P/E ratio of 78.99, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Tuesday, April 28th. The coffee company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $9.53 billion for the quarter, compared to the consensus estimate of $9.17 billion. Starbucks had a net margin of 3.89% and a negative return on equity of 29.24%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Starbucks has set its FY 2026 guidance at 2.250-2.450 EPS. As a group, research analysts predict that Starbucks will post 2.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

SBUX has been the subject of several analyst reports. BTIG Research downgraded shares of Starbucks from a “buy” rating to a “neutral” rating in a report on Thursday, May 14th. Robert W. Baird boosted their target price on shares of Starbucks from $112.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Royal Bank Of Canada downgraded Starbucks from a “sector perform” rating to a “positive” rating in a research report on Thursday, May 14th. Tigress Financial initiated coverage on Starbucks in a report on Wednesday, April 15th. They issued a “buy” rating and a $122.00 price target for the company. Finally, Scotiabank cut Starbucks from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 14th. Nineteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $108.92.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.