10 Best DRIP Stocks To Own Now

6. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 84

Starbucks Corporation (NASDAQ:SBUX) is a leading global specialty coffee company, operating over 32,000 locations across 80 countries as both a roaster and retailer. In fiscal Q1 2025, the company reported consolidated net revenues of $9.4 billion, maintaining the same level as the previous year, even after adjusting for currency fluctuations. During the quarter, the company added 377 new locations, increasing its total store count to 40,576. Of these, 53% were company-operated, while 47% operated under licensing agreements. By the end of the quarter, 61% of Starbucks’ global stores were situated in the US and China, with 17,049 locations in the US and 7,685 in China.

Starbucks Corporation (NASDAQ:SBUX) is actively working to revitalize its brand and reconnect with customers through its “Back to Starbucks” initiative, which aims to enhance operations and elevate the in-store experience. This approach underscores the company’s commitment to strengthening its core identity, with the expectation that these efforts will have a positive impact on its stock performance as it refocuses on its fundamental values.

On January 29, Starbucks Corporation (NASDAQ:SBUX) declared a quarterly dividend of $0.61 per share, which was in line with its previous dividend. The company has sustained 59 consecutive quarters of dividend payments, delivering a compound annual growth rate (CAGR) of nearly 20% over this period, reflecting its commitment to generating long-term value for shareholders. Additionally, it has increased its dividend payouts for 14 straight years. As of February 23, the stock has a dividend yield of 2.18%.