The ex-dividend date for Starbucks Corporation (Nasdaq:SBUX) is tomorrow, November 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $51.19 as of 9:30 a.m., the dividend yield is 1.7%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Starbucks Corporation (Nasdaq: SBUX) is tomorrow, November 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $51.19 as of 9:30 a.m. ET, the dividend yield is 1.7%. The average volume for Starbucks has been 8.8 million shares per day over the past 30 days. Starbucks has a market cap of $38.65 billion and is part of the services sector and leisure industry. Shares are up 10.5% year to date as of the close of trading on Friday. Starbucks Corporation purchases and roasts whole bean coffees. It operates 6,705 company-operated stores and 4,082 licensed stores in the United States; and 2,326 company-operated stores and 3,890 licensed stores in Canada, the U.K., China, Germany, Thailand, and internationally. The company has a P/E ratio of 28.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Starbucks as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Starbucks Ratings Report. See our dividend calendar or top-yielding stocks list. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.