This stock has been on my watch list seems like forever. Never before have we had such a great opportunity to pick up the shares on the discount for years and lock in that margin of safety. I am talking about 2015 price action levels! Truelly, the Gods of the Stock Market have brought a really great buying opportunity and very glad to share this with you guys. This is the proof that patience pays off as a long term Dividend Growth Investor. Wait for these exact pullbacks/selloffs that create golden entries. In my opinion, one day this company will be a dividend great one day, for the time being lets enjoy the ride.
Starbucks Corporation was founded in 1971 and is headquartered in Seattle, WA. The company is the largest American coffee company in the world. Starbucks locations serve hot and cold drinks, whole-bean coffee, microground instant coffee known as VIA, espresso, caffe latte, full- and loose-leaf teas including Teavana and Tazo tea products, Evolution Fresh juices, Frappuccino beverages, La Boulange pastries, and snacks including items such as chips and crackers; some offerings (including their annual fall launch of the Pumpkin Spice Latte) are seasonal or specific to the locality of the store. Many stores sell pre-packaged food items, hot and cold sandwiches, and drinkware including mugs and tumblers; select “Starbucks Evenings” locations offer beer, wine, and appetizers. Starbucks-brand coffee, ice cream, and bottled cold coffee drinks are also sold through channels, such as grocery stores, warehouse clubs, specialty retailers, convenience stores and the United States foodservice accounts. As of October 2, 2016, Starbucks operated in 75 countries and overseas properties now constitute almost one-third of its stores.
- Dividend Yield: 2.9%
- 5Yr Dividend Growth Rate: 23.9%
- 3Yr Dividend Growth Rate: 24.1%
- Payout Ratio: 37.3%
- P/E: 14.8
- Consecutive Years of Dividend Raises: 7
- Dividend Payout: Quarterly
I purchased 50 shares of Starbucks Corp. (SBUX) for the price of $48.91 per share for a total investment of $2,445.50 adding around $72.00 to my annual dividend income.
This is the 4th time I am initiating a stock acquisition this year. This transaction is my first ever purchase of SBUX stock shares into the portfolio. Currently, SBUX ownership stake represents to be around 2.0% of my current portfolio value. Also, the acquisition of SBUX makes it the 41st company or ownership stake I am invested in.
The Portfolio “The Dividend Machine” has been updated with link ➡ here.
Thank you for reading & have a great day!