I have been a Starbucks investor for almost three years. I’ve loved the growth, and especially the dividend growth (5-year CAGR of 8.58%). As many know, Starbucks is currently in a rebuild stage, and like many other investors, I’m concerned about the current dividend payout ratio of 120.88%. With a number this high, there’s a possibility of no upcoming dividend hike — and, in the worst case, a dividend cut.
I hope I’m wrong, but for now, I’m out. Instead, I’ve opened a position in $MSCI (+0,43 %)
What do you guys think about $SBUX (+0,5 %) ?
