Starbucks Declares Quarterly Cash Dividend
03 Abril 2023 - 5:05PM
Business Wire
Starbucks Corporation (NASDAQ: SBUX) today announced that its
Board of Directors has approved a quarterly cash dividend of $0.53
per share of outstanding Common Stock. The dividend will be payable
in cash on May 26, 2023, to shareholders of record on May 12,
2023.
About Starbucks
Since 1971, Starbucks Coffee Company has been committed to
ethically sourcing and roasting high-quality arabica coffee. Today,
with more than 36,000 stores worldwide, the company is the premier
roaster and retailer of specialty coffee in the world. Through our
unwavering commitment to excellence and our guiding principles, we
bring the unique Starbucks Experience to life for every customer
through every cup. To share in the experience, please visit us in
our stores or online at http://news.starbucks.com or
www.starbucks.com.
Forward-Looking
Statements
Certain statements contained herein are “forward-looking”
statements within the meaning of applicable securities laws and
regulations. Generally, these statements can be identified by the
use of words such as “aim,” “anticipate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,”
“outlook,” “plan,” “potential,” “predict,” “project,” “seek,”
“should,” “will,” “would,” and similar expressions intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. These
statements may include statements relating to trends in or
expectations relating to the effects of our existing and any future
initiatives, strategies, investments and plans, including our
Reinvention plan, as well as trends in or expectations regarding
our financial results and long-term growth model and drivers; our
operations in the U.S. and China; our environmental, social and
governance efforts; our partners; economic and consumer trends,
including the impact of inflationary pressures; impact of foreign
currency translation; strategic pricing actions; the conversion of
certain market operations to fully licensed models; our plans for
streamlining our operations, including store openings, closures and
changes in store formats and models; the success of our licensing
relationship with Nestlé, of our consumer packaged goods and
foodservice business and its effects on our Channel Development
segment results; tax rates; business opportunities, expansions and
new initiatives, including Starbucks Odyssey; strategic
acquisitions; our dividends programs; commodity costs and our
mitigation strategies; our liquidity, cash flow from operations,
investments, borrowing capacity and use of proceeds; continuing
compliance with our covenants under our credit facilities and
commercial paper program; repatriation of cash to the U.S.; the
likelihood of the issuance of additional debt and the applicable
interest rate; the continuing impact of the COVID-19 pandemic on
our financial results and future availability of governmental
subsidies for COVID-19 or other public health events; our ceo
transition; our share repurchase program; our use of cash and cash
requirements; the expected effects of new accounting pronouncements
and the estimated impact of changes in U.S. tax law, including on
tax rates, investments funded by these changes and potential
outcomes; and effects of legal proceedings. Such statements are
based on currently available operating, financial and competitive
information and are subject to various risks and uncertainties.
Actual future results and trends may differ materially depending on
a variety of factors, including, but not limited to: the continuing
impact of COVID-19 on our business; regulatory measures or
voluntary actions that may be put in place to limit the spread of
COVID-19, including restrictions on business operations or social
distancing requirements, and the duration and efficacy of such
restrictions; the resurgence of COVID-19 infections and the
circulation of novel variants of COVID-19; fluctuations in U.S. and
international economies and currencies; our ability to preserve,
grow and leverage our brands; the ability of our business partners
and third-party providers to fulfill their responsibilities and
commitments; potential negative effects of incidents involving food
or beverage-borne illnesses, tampering, adulteration, contamination
or mislabeling; potential negative effects of material breaches of
our information technology systems to the extent we experience a
material breach; material failures of our information technology
systems; costs associated with, and the successful execution of,
the Company’s initiatives and plans; new initiatives and plans or
revisions to existing initiatives or plans; our ability to obtain
financing on acceptable terms; the acceptance of the Company’s
products by our customers, evolving consumer preferences and tastes
and changes in consumer spending behavior; partner investments,
changes in the availability and cost of labor including any union
organizing efforts and our responses to such efforts; failure to
attract or retain key executive or employee talent or successfully
transition executives; significant increased logistics costs;
inflationary pressures; the impact of competition; inherent risks
of operating a global business including any potential negative
effects stemming from the Russian invasion of Ukraine; the prices
and availability of coffee, dairy and other raw materials; the
effect of legal proceedings; and the effects of changes in tax laws
and related guidance and regulations that may be implemented,
including the Inflation Reduction Act of 2022 and other risks
detailed in our filings with the Securities and Exchange
Commission, including in the “Risk Factors” and “Management's
Discussion and Analysis of Financial Condition and Results of
Operations” sections of the company’s most recently filed periodic
reports on Form 10-K and Form 10-Q and subsequent filings.
A forward-looking statement is neither a prediction nor a
guarantee of future events or circumstances, and those future
events or circumstances may not occur. You should not place undue
reliance on the forward-looking statements, which speak only as of
the date of this release. We are under no obligation to update or
alter any forward-looking statements, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230403005794/en/
Starbucks Contact, Investor Relations: Tiffany Willis
investorrelations@starbucks.com
Starbucks Contact, Media: Reggie Borges
press@starbucks.com
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