15. Starbucks Corporation (NASDAQ:SBUX)
Number of Billionaire Investors: 15
Dividend Yield as of March 3: 2.11%
With 15 billionaires investing in the company as of Q4 2024, Starbucks Corporation (NASDAQ:SBUX) ranks fifteenth on our list of the best dividend stocks. The global specialty coffee company operates over 32,000 locations across 80 countries as both a roaster and retailer. The company is actively working to revamp its brand and strengthen customer relationships through its “Back to Starbucks” initiative, which focuses on improving operations and enhancing the in-store experience. This strategy highlights its dedication to reinforcing its core identity, with expectations that these efforts will positively influence its stock performance as it realigns with its foundational values.
Starbucks Corporation (NASDAQ:SBUX) has maintained 59 consecutive quarters of dividend payments, achieving a compound annual growth rate (CAGR) of nearly 20% over this period, demonstrating its commitment to long-term shareholder value. It has also raised its dividend payouts for 14 consecutive years. The company currently pays a quarterly dividend of $0.61 per share and has a dividend yield of 2.11%, as of March 3.
In fiscal Q1 2025, Starbucks Corporation (NASDAQ:SBUX) reported consolidated net revenues of $9.4 billion, remaining steady compared to the previous year after accounting for currency fluctuations. During the quarter, it expanded its footprint by opening 377 new locations, bringing 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 located in the US and China, with 17,049 stores in the US and 7,685 in China.
