Starbucks Corp. (SBUX) Reinforces Steady Capital Return Strategy with Modest Dividend Hike

Fisher Asset Management holds $1.09 billion worth of Starbucks Corporation (NASDAQ:SBUX) shares, helping it secure a place on our list of billionaire Ken Fisher’s 10 consumer stock picks with the highest upside potential.

On October 1, 2025, Starbucks Corporation (NASDAQ:SBUX)’s board approved a quarterly dividend increase from $0.61 to $0.62 per share. The dividend is payable on November 28, 2025.

With this approval, Starbucks Corporation (NASDAQ:SBUX)’s annualized dividend equals $2.48 per share, reflecting the company’s continued commitment to returning capital to shareholders while ensuring long-term growth.

This update follows the company’s $1 billion North American restructuring plan that Starbucks Corporation (NASDAQ:SBUX) announced on September 25, 2025. The plan included the closure of about 1% of company-operated stores. Furthermore, Starbucks laid off nearly 900 non-retail employees under its “Back to Starbucks” transformation. Although the coffee giant is experiencing cost pressures and a six-quarter decline in same-store sales, it remains focused on enhancing operational efficiency and improving profitability.

Operating through company-operated and licensed stores globally, Starbucks Corporation (NASDAQ:SBUX) is focused on roasting, marketing, and the sale of coffee. It is included in Ken Fisher’s Stock Portfolio.

While we acknowledge the potential of SBUX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.