SBUX - This Dividend Stock Is Down 37%: Is It Ready to Skyrocket?
2024-06-30 09:45:00 ET
While many investors want the stocks that they own to soar in price over time, there are some market participants who appreciate the passive income that their holdings throw off on a consistent basis. Starbucks (NASDAQ: SBUX) might catch the attention of these folks.
The world's leading coffee enterprise has paid a steadily rising dividend since 2010. The current yield sits at a healthy 2.9%. The only issue is that this stock is down 37% from its peak price, which was hit in July 2021.
Might Starbucks shares be ready to skyrocket again?
For further details see:
This Dividend Stock Is Down 37%: Is It Ready to Skyrocket?