10 Best Food Stocks with Dividends

2. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 70

Starbucks Corporation (NASDAQ:SBUX) is among the best food stocks with dividends. The company seems to be reaching a key turning point with Brian Niccol stepping in as CEO, drawing comparisons to the company’s 2008 revival under Howard Schultz. A major focus under his leadership is improving the mobile ordering system, which now accounts for roughly 30% of US sales but has negatively impacted service quality and the in-store experience.

To tackle this issue, Starbucks Corporation (NASDAQ:SBUX) brought in Meredith Sandland— former Taco Bell executive and founder of Empower Delivery— to enhance order sequencing through machine learning. The move highlights Niccol’s strategic focus on assembling strong, capable teams.

Starbucks Corporation (NASDAQ:SBUX) is a strong dividend payer, having paid regular dividends to shareholders for 60 consecutive quarters. During this time, the company’s dividend has grown at an average annual rate of 20%, with increases sustained for 14 straight years. It offers a quarterly dividend of $0.61 per share and has a dividend yield of 2.58%, as of July 27.