14 Best Food Dividend Stocks To Buy According to Analysts

7. Starbucks Corporation (NASDAQ:SBUX)

Analyst Upside Potential as of October 5: 17.8%

Starbucks Corporation (NASDAQ:SBUX) has become more than just a coffee shop. For a lot of people, it’s part of their morning routine or a place to grab a quick treat. People see its green logo everywhere— from big city streets to small towns— and they keep going back because they know what they’re going to get.

Being such a familiar name helps. Starbucks Corporation (NASDAQ:SBUX) can charge a bit more than smaller coffee shops, and running on such a large scale helps it manage costs better than most. The company is still growing. With the “Back to Starbucks” plan, CEO Brian Niccol is finding ways to bring people back into stores and keep the brand fresh. Even though Starbucks is huge, it keeps opening new locations and trying new things. The company’s prices or the stock might go up and down, but for many, Starbucks will always be the first place they think of for a good cup of coffee.

On the financial side, Starbucks Corporation (NASDAQ:SBUX)’s dividend helps it a lot to gain investors’ attention. On October 1, the company announced a 1% hike in its quarterly dividend to $0.62 per share. This was the company’s 15th consecutive year of dividend increases, which makes it one of the best dividend stocks in the food sector. As of October 5, the stock has a dividend yield of 2.87%.