5 Best Beverage Dividend Stocks To Buy Now

4. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 59

Starbucks Corporation (NASDAQ:SBUX) is a multinational chain of coffeehouses that specializes in a wide range of coffee beverages. The company announced a quarterly dividend of $0.57 per share, which was consistent with its previous dividend. It has been growing its dividends regularly for the past 13 years, coming through as one of the best beverage stocks on our list. As of April 13, the stock has a dividend yield of 2.68%.

According to Insider Monkey’s database of Q4 2023, 59 hedge funds held stakes in Starbucks Corporation (NASDAQ:SBUX), down slightly from 60 in the preceding quarter. These stakes have a total value of over $3.6 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q4.

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