Want Growing Passive Income? Buy This All-Star Dividend Stock
Finding companies with well-known brands that sell high-demand products is the closest thing in investing to a guarantee of success. This is because successful products have the pricing power and durability to withstand just about any business environment.
When many people think of great coffee or cold beverages, the first thing that comes to mind is (NASDAQ: SBUX). Let's look at why the company could be a great pick for investors craving steadily rising dividend income.
Coffee is among the most popular drinks on the planet after water. Two billion cups of coffee are consumed each day by around 1 billion coffee drinkers around the world. With nearly 37,000 stores throughout the globe and a $120 billion market capitalization, Starbucks is the biggest coffee chain by far.
Source Fool.com
Starbucks Corp. Stock
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Starbucks Corp..
With a target price of 103 € there is a positive potential of 46.0% for Starbucks Corp. compared to the current price of 70.55 €.
