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Starbucks raises dividend by nearly 9%

Starbucks Corp. (SBUX) late Wednesday said its board of directors has approved a dividend increase to 49 cents a share from 45 cents a share. The dividend is payable on Nov. 26 to shareholders of record on Nov. 12, the company said. "Starbucks initiated its dividend in 2010 and has increased it in each of the past 11 years," the coffeeshop chain said. Shares of Starbucks were flat in the extended session after ending the regular trading day up 0.4%.

-Claudia Assis

 

(END) Dow Jones Newswires

09-29-21 1610ET

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