Starbucks Corp. (SBUX) Announces First Dividend to Shareholders
Starbucks Corp., a Seattle-based national coffee giant, recently announced that the company will begin paying dividends in the amount of 10-cents-per-share to investors. The company also stated that its board of directors has approved a plan to buy back 15 million shares, in addition to the 6.3 million shares Starbucks still has remaining authorization to buy under a previous effort. Starbucks officials said the dividend will be first paid in cash to investors on April 23 to shareholders who own stock April 7. After shutting hundreds of locations and laying off thousands of workers to cut costs in 2008, Starbucks…