Starbucks Corporation (NASDAQ:SBUX) is included among the 10 Best S&P 500 Dividend Stocks to Invest in.
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Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves. The company is widely regarded as one of the strongest consumer brands in the world, with operations spanning 88 markets. It has long set the standard in the industry through its premium offerings.
Right now, Starbucks Corporation is in the midst of a major turnaround strategy. A key focus for CEO Brian Niccol is supporting store employees, known as “green apron partners,” so they can perform their roles more effectively. Through an effort called Green Apron Service, the company is placing greater emphasis on enhancing the customer experience across its stores.
Other steps taken by leadership include simplifying the menu, upgrading stores to restore the sense of Starbucks Corporation as a “third place,” and moving away from discounts and promotions. Niccol noted that significant progress has been made to strengthen the company’s operating foundation and that, in his view, the turnaround is running ahead of schedule.
Starbucks Corporation’s dividend history also makes it appealing for income investors. The company has been rewarding shareholders with growing dividends for the past 14 consecutive years, which makes it one of the best dividend stocks. Its quarterly dividend comes in at $0.61 per share and has a dividend yield of 2.89%, as of September 21.
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