Starbucks (NASDAQ:SBUX) is a dividend-paying company with potential long-term growth. It is up 44% in the last twelve months, set to benefit from the economies reopening.
Starbucks Corporation is active in the restaurant industry, having a global presence. It operates as a marketer, retailer, and roaster of coffee worldwide.
It expanded its business through various brands in different parts of the world, such as Ethos, Seattle’s Best Coffee and Teavana. It operates over 30,000 stores and was founded in 1971. Starbucks Corporation is headquartered in Seattle, Washington, and employs over 349,000 people worldwide.
Where Can I Buy Starbucks (NASDAQ:SBUX) Stock?
eToro is one of the leaders of the online trading industry, offering a variety of financial assets to trade and invest in. With a state-of-the-art social trading platform and trusted by traders and investors from around the world, eToro has quickly become the broker of choice for retail traders and professionals alike.
Capital is an online retail broker offering 0% commission and no hidden fees to its customers. It strives to maintain market-leading spreads and fast order execution and is valued for its wide range of products to trade – from individual stocks and indices to commodities and cryptocurrencies.
Two Reasons to Buy Starbucks Stock
Firstly, Starbucks is a leader in its segment, but the services industry suffered tremendously during the COVID-19 pandemic. As people were forced to spend more time inside under lockdown, Starbucks and the restaurant industry took a hit.
However, the developed world starts reopening again, and the trend is likely to accelerate. With people willing to spend more time outside to socialise, Starbucks is set for a big comeback.
Secondly, Starbucks is a dividend-paying company, with a dividend yield of 1.89%, above the sector’s median. Since 2010, Starbucks has increased its dividend constantly, an attractive incentive for investors willing to buy Starbucks stock.