Starbucks Stock To Go Ex-dividend Tomorrow (SBUX)

NEW YORK ( TheStreet) -- The ex-dividend date for Starbucks Corporation (Nasdaq: SBUX) is tomorrow, August 6, 2013. Owners of shares as of market close today will be eligible for a dividend of 21 cents per share. At a price of $74.18 as of 10:46 a.m. ET, the dividend yield is 1.1%.

The average volume for Starbucks has been 4.7 million shares per day over the past 30 days. Starbucks has a market cap of $55.21 billion and is part of the services sector and leisure industry. Shares are up 38.4% year to date as of the close of trading on Friday.

Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores.

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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, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Starbucks Ratings Report.

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