Is Starbucks a Great Dividend Stock?
To quote William Shakespeare, "Some are born great, some achieve greatness, and others have greatness thrust upon them." But when it comes to dividends, there are no shortcuts: The only way to become a great dividend company is to earn it.
With that in mind, let's take a closer look at whether Starbucks (NASDAQ: SBUX) has earned greatness.
Starbucks has built a loyal customer base by offering premium coffees, although it also sells other beverages and select food items. For the company's latest fiscal year, which ended on Sept. 27, 2020, revenue fell from $26.5 billion to $23.5 billion. However, management estimated that the steps it took related to mitigating the adverse effects of COVID-19 caused a $5.1 billion shortfall in Starbucks' top line compared to its expectation.
Source Fool.com
