SEATTLE - Starbucks Corporation (NASDAQ: NASDAQ:SBUX) announced Wednesday its Board of Directors has approved a quarterly cash dividend of $0.57 per share on the company's Common Stock. This dividend is slated for payment on May 31, 2024, to shareholders who are on record as of May 17, 2024.
Starbucks, a company recognized for its specialty coffee, operates over 38,000 stores globally and prides itself on its commitment to ethical sourcing and high-quality arabica coffee. The company aims to deliver a distinctive Starbucks Experience to customers with each cup of coffee.
The announcement of the dividend follows Starbucks' continuous effort to provide shareholder value. Dividends are a way for companies to distribute a portion of their earnings back to shareholders, and the amount of the dividend can be a signal of a company's financial health and its board's outlook on future earnings.
It is important to note that the company's forward-looking statements, such as projections and expectations about future events or results, involve risks and uncertainties. Factors that could cause actual outcomes to differ include changes in consumer preferences, economic conditions, market trends, and other risks detailed in the company's filings with the SEC.
The information provided in this article is based on a press release statement from Starbucks Corporation. Investors and shareholders are often interested in such announcements as they can affect stock valuations and investment decisions. The declaration of dividends is a key aspect of a company's financial management and its relationship with investors.
For more detailed information regarding Starbucks' financials, operations, and risk factors, interested parties may refer to the company's most recent SEC filings.
This dividend announcement is a part of the company's regular financial disclosures and does not necessarily indicate changes in Starbucks' operational strategies or future performance projections.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.