declared dividend increases this past week, adding a little sweetener to their stocks.
Starbucks (ticker: SBUX) declared a quarterly dividend of 45 cents a share, up nearly 10% from 41 cents.
The company’s CEO, Kevin Johnson, said in a statement that the increase reflects “confidence in the strength of our recovery and the robustness of our long-term growth model.”
The stock, which has a flattish return year to date, was recently yielding 1.9%. Its return trails the S&P 500’s result of about 5.6% year to date.
Conagra Brands (CAG), a consumer packaged food company, plans to boost its quarterly disbursement to 27.5 cents a share, or $1.10 on an annualized basis. That’s a 29% increase from 21.25 cents currently.