12 Best Consumer Cyclical Dividend Stocks to Buy Right Now

2. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 84

Starbucks Corporation (NASDAQ:SBUX) is a global specialty coffee company that operates 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, remaining stable year-over-year when adjusted for currency fluctuations. During the quarter, the company expanded its presence by opening 377 new locations, bringing its total store count to 40,576. Of these, 53% were company-operated, while the remaining 47% operated under licensing agreements. By the end of the quarter, 61% of Starbucks’ global stores were located in the US and China, with 17,049 stores in the US and 7,685 in China.

As a global specialty coffee company, Starbucks Corporation (NASDAQ:SBUX) operates more than 32,000 locations across 80 countries, serving as both a roaster and retailer. The company is actively working to refresh its brand and enhance customer engagement through its “Back to Starbucks” initiative, which focuses on improving operations and elevating the in-store experience. This strategy underscores Starbucks’ commitment to reinforcing its core identity, with expectations that these efforts will positively impact its stock performance as it realigns with its foundational values.

Starbucks Corporation (NASDAQ:SBUX) has consistently distributed dividends for 59 consecutive quarters, achieving a compound annual growth rate (CAGR) of nearly 20% over this timeframe, reflecting its dedication to long-term shareholder value. In addition, the company has increased its dividend payments annually for 14 straight years, coming through as one of the best dividend stocks on our list. The company offers a quarterly dividend of $0.61 per share and has a dividend yield of 2.2%, as of March 4.