Starbucks Corporation (NASDAQ:tinge) from within 14 Best Food Dividend Stocks to Buy According to Analysts.
Photo by Steve Boysen from Pixabay
Starbucks (NASDAQ:SBUX) has become more than just a coffee shop. For many people, this is part of their morning routine or a place to grab a quick meal. People see its green logo everywhere — from big city streets to small towns — and they keep coming back because they know what they’re getting.
Being a household name helps. Starbucks ( NASDAQ:SBUX ) can charge slightly higher fees than smaller coffee shops, and operating at scale helps it manage costs better than most coffee shops. The company is still growing. With the “Back to Starbucks” plan, CEO Brian Nicol is finding ways to bring people back into stores and keep the brand fresh. Although Starbucks is huge, it continues to open new locations and try new things. A company or its stock may go up and down, but for many, Starbucks will always be the first place they think of for a cup of good coffee.
On the financial side, Starbucks’ ( NASDAQ:SBUX ) earnings do a lot to attract investors’ attention. On October 1, the company announced a 1% increase to its quarterly dividend to $0.62 per share. This was the 15th straight year the company has increased its dividend, making it one of the top dividend stocks in the food sector. As of October 5, the stock had a dividend yield of 2.87%.
While we recognize SBUX’s potential as an investment, we believe some AI stocks offer greater upside potential and carry less downside risk. If you’re looking for undervalued AI stocks that will also benefit significantly from the Trump-era tariffs and the reshoring trend, check out our free report on Best AI stocks for short term.
Read next: 11 of the best BDC stocks to buy now and Dividend Heroes List: The 15 Best Stocks to Buy.
Disclosure: None.
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