Is This $181 Million Move Going to Move Starbucks Stock?

Starbucks (NASDAQ: SBUX) is in front of its official fiscal 2024 fourth-quarter earnings release, and those numbers aren't going to look good. After all, the world received a big sneak preview last week with the coffee slinger's preliminary release of some key figures for the period. For the most part, they were concerning at best and frightening at worst.With new leadership pledging to return Starbucks to its roots as a cozy neighborhood coffee shop chain, it's also spending some coin to keep investors sweet on the company. To do this, it's parting with around $181 million on one particular shareholder-pleasing effort. Let's unpack this move, and see whether that decision affects the buy or sell case for its stock.That $181 million figure is the extra funding Starbucks will need to pay its upcoming set of dividends. The company just declared a dividend raise, with the quarterly shareholder payout being enhanced from $0.57 per share to $0.61. With around 1.13 billion shares outstanding, the new amount will add $181 million to its annual expenses. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool