Starbucks announces increase in quarterly cash dividend

Seattle--(business wire)--starbucks corporation (nasdaq: sbux) today announced that its board of directors approved an increase in the company's quarterly cash dividend from $0.57 to $0.61 per share of outstanding common stock. this increase will be effective with the dividend payable on november 29, 2024, to shareholders of record on november 15, 2024, and raises the company's annual dividend rate to $2.44 per share. starbucks initiated its dividend in 2010 at $0.05 per share of outstanding co.
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