SEATTLE, December 01, 2023--Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on February 23, 2024, to shareholders of record on February 9, 2024.
Although both McDonald's (NYSE: MCD) and Starbucks (NASDAQ: SBUX) have seen their share prices rise about 50% in the past five years, neither business has produced a better return than the S&P 500, which is up some 65% during the same time. It's hardly a surprise that McDonald's would be thriving during a time of heightened economic uncertainty, high interest rates, and inflationary pressures. Global same-store sales jumped 8.8%, a clear sign that consumers are finding value by choosing to eat at McDonald's locations.
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