On 23 October, Starbucks (SBUX) increased its quarterly dividend by 7.02%, from 57¢ to 61¢ per
share.
share.
The dividend will be paid on 29 November to shareholders of record on 15
November. The ex-dividend date is 15 November.
SBUX’s contribution to DivGro’s projected annual dividend income will
increase by $27.20 to $414.80.
I own 170 shares of SBUX at an average cost basis of $65.91 per share. Following this increase, my yield on cost
is 3.70%. (SBUX’s forward yield is 2.50% at $97.74 per share).
Since I opened my SBUX position in June 2017, the stock has produced total returns of 64%, including $1,780.90 in dividend income.
That’s an annualized rate of return of 9.0%.
SBUX became DivGro’s 37th Home Run stock in July 2021, when the stock doubled my original capital
outlay.
outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $1.49 | $1.68 | $1.84 | $2.00 | $2.16 | ⬆ | $2.32✝ |
| 12.88% | 12.75% | 9.52% | 8.70% | 8.00% | ⬇ | 7.41% |
| 5-year DGR: | 10.35% | ⬇ | 9.26% | |||
✝projected, assuming no further changes