Starbucks Hikes Dividend, Reclaims Key Support Levels
In reporting its latest quarterly results, Starbucks (SBUX) has hiked its dividend and done some repair work on its stock chart. The coffee giant boosted its quarterly payout to 21 cents a share, up from 17 cents. That provides an annualized dividend yield of about 1.6%. That's a rather modest payout, but IBD's stance has long been that investors should seek dividend-paying stocks that also are showing strong growth and a potential for price
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