Starbucks Corporation (NASDAQ: SBUX) Q3 ’22
September 28, 2022 I Seattle, WA
The board of directors of Starbucks Corp. (NASDAQ: SBUX) has declared a regular quarterly dividend of $0.53 per common share, an increase of approximately 8.2% from the previous quarterly dividend of $0.49.
Year to date, this marks the twenty-fifth dividend change for the Washington Crossing Advisors Rising Dividend portfolio. All twenty-five changes were increases. The average dividend increase was 7.83% compared with December 31, 2021 indicated levels.
For a complete list of all portfolio holdings that have, in the past 12 months, increased, decreased, or had no change in dividend, please contact your financial advisor.
From the press release: “Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved an increase in the company’s quarterly cash dividend from $0.49 to $0.53 per share. This increase will be effective with the dividend payment to be distributed on November 25, 2022, to shareholders of record on November 11, 2022, and raises the company’s annual dividend rate to $2.12 per share. Starbucks initiated its dividend in 2010 and has increased it in each of the past 12 years.” 1
About the company: “Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 35,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at http://news.starbucks.com or www.starbucks.com.” 1
IMPORTANT DISCLOSURES: The securities discussed herein do not represent all of the securities held by the WCA Rising Dividend Portfolio as of the date presented and are subject to change at any time, without notice. A complete list of holdings as of the date noted above will be provided upon request. The above is presented to illustrate the application of the strategy only and not intended as personalized recommendations of any particular security. The securities identified and described above do not represent all of the securities purchased, sold, or recommended for client accounts. You should not assume that an investment in any of the securities identified was or will be profitable. Changes in market conditions or a company’s financial condition may impact the company’s ability to continue to pay dividends. Companies may also choose to discontinue dividend payments. All investments involve risk, including loss of principal, and there is no guarantee that investment objectives will be met. It is important to review your investment objectives, risk tolerance and liquidity needs before choosing an investment style or manager. Equity investments are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors to varying degrees. Fixed Income investments are subject to market, market liquidity, issuer, investment style, interest rate, credit quality, and call risks, among other factors to varying degrees.