Starbucks DividendQuite a few portfolio holdings will report earnings in November, including BP Plc (BP) , IAC/InterActive (IACI) , Starbucks (SBUX) , all of the Liberty family, Intuit (INTU) , and Cie Financiere Richemont (CFRHF) . Quest Diagnostics (DGX) exceeded consensus estimates with its earnings report in October. I expected Starbucks would soon raise its dividend as the company has done consistently over the past few years. Right on cue, the giant coffee chain delivered better-than-expected earnings on November 3 and unveiled a healthy dividend hike to 54 cents a share.
Portfolio AdditionsThe opportunity to invest more capital into QVC, a Liberty company, presented itself and I added to that position. The same holds true for Richemont, in which I invested in last May. I also initiated a small position in Rite Aid (RAD) based on the likelihood the Walgreens transaction will be approved and completed ahead of schedule.
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