Consistent Dividend Hikes & Attractive Yields: Starbucks, Archer-Daniels Midland, And First Merchants

Consistent Dividend Hikes & Attractive Yields: Starbucks, Archer-Daniels Midland, And First Merchants
Consistent Dividend Hikes & Attractive Yields: Starbucks, Archer-Daniels Midland, And First Merchants

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Companies with a long history of maintaining and growing dividends are always appealing for income-focused investors. Starbucks, Archer-Daniels Midland, and First Merchants have consistently rewarded their shareholders over the years. Alongside their impressive track records, they currently offer solid dividend yields of over 3%.

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Starbucks

Starbucks (NASDAQ:SBUX) is one of the most widely recognized restaurant brands in the world. It is a roaster, marketer, and retailer of coffee. The company operates more than 38,000 stores across more than 80 countries. It offers coffee and tea beverages, roasted whole beans and ground coffees, single-serve products, and ready-to-drink beverages, as well as various food products, such as pastries, breakfast sandwiches, and lunch items.

Starbucks has consistently raised its dividends every year since 2010. The most recent dividend hike was announced in September 2023, when Starbucks increased its dividend from $0.50 to $0.53 per share, equating to $2.28 annually. The current yield on the dividend stands at 3.13%.

The company's annual revenue (as of March 31) is $36.5 billion. Its upcoming quarterly earnings report is scheduled for July 30. Wall Street analysts estimate a quarterly EPS of $0.94 and revenue of $9.3 billion.

Starbucks stock is down around 23% YTD.

Archer-Daniels Midland

Archer-Daniels-Midland Company (NYSE:ADM) engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions globally.

The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.

Archer-Daniels-Midland has paid uninterrupted quarterly dividends for more than 92 years. The most recent dividend hike was announced in January, when the company increased its dividend from $0.45 to $0.50 per share, equating to $2 annually. The current yield on the dividend stands at 3.17%.

The company's annual revenue (as of March 31) is $91.7 billion. Its upcoming quarterly earnings report is scheduled for July 23. Wall Street analysts estimate a quarterly EPS of $1.28 and revenue of $23.3 billion.