By Ben Glickman

Starbucks raised its quarterly dividend to 57 cents from 53 cents, an increase of about 7.5%.

The Seattle-based coffee chain said that the increase represented its 13th consecutive boost to its dividend. The dividend will be payable Nov. 24 to shareholders of record Nov. 10.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

September 20, 2023 19:20 ET (23:20 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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