Starbucks ($SBUX) announced its next dividend of $0.57 per share, a 7.5% increase over the company's previous payout of $0.53.
DivGro's annual dividend income will increase by $32.00 as a result.
I own 200 shares of SBUX at an average cost basis of $67.68 per share. Following this increase, my yield on cost is 3.37%. In comparison, SBUX's forward yield is 2.49% at $91.74 per share.
SBUX became DivGro's 37th Home Run stock in July 2021 when the stock doubled my original capital outlay.
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