5 Best Beverage Stocks with Dividends

4. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 59

Starbucks Corporation (NASDAQ:SBUX) is a Washington-based multinational coffeehouse chain and coffee company that also specializes in a wide range of beverages. On September 20, the company announced a 7.5% hike in its quarterly dividend to $0.57 per share. Through this increase, the company took its dividend growth streak to 13 years, which makes it one of the best beverage stocks with dividends. As of September 25, the stock has a dividend yield of 2.46%.

At the end of June 2023, 59 hedge funds in Insider Monkey’s database reported having stakes in Starbucks Corporation (NASDAQ:SBUX), worth collectively $1.44 billion.

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