(MarketNewsVideo.com) -- This morning, Starbucks (SBUX) declared its first-ever quarterly dividend in the amount of ten cents per share. The company aims to pay out thirty five to forty percent of net income to shareholders in the form of a dividend, but maintains future dividends will be at the discretion of the company's Board of Directors.
Shares of Starbux were showing modest gains on the news, up about one half of one percent so far.
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