Starbucks Now Paying A Dividend
Starbucks Corporation (SBUX) has announced that it will be paying a dividend. They will be paying a $.10 quarterly dividend which equates to about a 1.5% yield. Not very high, but better than nothing.
I’ve noted in the past that Starbucks seems to be the perfect dividend company since it produces a steady stream of cash flow and also seems to be out of the “growth” phase.
The share price seems to still be high, with a P/E around 35, but as I’ve mentioned before, I love the company and would love to own the stock. If the share price moves lower at some point, I will definitely be watching to pick up some shares potentially.