Top 10 Best Dividend Stocks on Robinhood

3. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 76

Starbucks Corporation (NASDAQ:SBUX) is a Washington-based multinational chain of coffeehouses and roastery reserves that specializes in a wide range of coffee beverages. The company is making significant efforts to refresh its brand and re-engage customers with its “Back to Starbucks” initiative, which focuses on improving operations and enhancing the in-store experience. This strategy highlights the company’s dedication to revitalizing its core identity, with expectations that it will positively influence stock performance as the company realigns with its foundational values. In the past 12 months, the stock has surged by nearly 16%.

In fiscal Q1 2025, Starbucks Corporation (NASDAQ:SBUX) reported consolidated net revenues of $9.4 billion, which remained unchanged compared to the previous year, even on a constant currency basis. In Q1, it opened 377 new stores, bringing the total number of stores to 40,576, with 53% being company-operated and 47% licensed. By the end of Q1, 61% of the company’s global store portfolio was located in the US and China, with 17,049 stores in the US and 7,685 stores in China.

Starbucks Corporation (NASDAQ:SBUX) is one of the best dividend stocks on Robinhood as the company has maintained 59 consecutive quarters of dividend payouts, achieving a compound annual growth rate (CAGR) of nearly 20% during this period, showcasing its dedication to consistently creating value for shareholders. In addition, it has raised its payouts for 14 consecutive years. The company offers a quarterly dividend of $0.61 per share and has a dividend yield of 2.27%, as of January 30.

At the end of Q3 2024, 76 hedge funds tracked by Insider Monkey held stakes in Starbucks Corporation (NASDAQ:SBUX), growing from 70 in the previous quarter. These stakes are worth over $3.2 billion in total. With over 11.7 million shares, Fisher Asset Management was the company’s leading stakeholder in Q3.