5 Best Dividend Stocks on Robinhood

4. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 59

Starbucks Corporation (NASDAQ:SBUX) is a globally recognized coffeehouse chain that specializes in the sale of coffee, espresso-based drinks, tea, and a variety of food items. The company offers a quarterly dividend of $0.57 per share, having raised it by 7.5% in September this year. This was the company’s 13th consecutive year of dividend growth, which makes SBUX one of the best dividend stocks on our list. As of November 7, the stock has a dividend yield of 2.20%.

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.

Follow Starbucks Corp (NASDAQ:SBUX)