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Starbucks raises dividend while reportedly exploring a Chipotle deal
The reports also say Starbucks is in a turnaround while boosting its payout despite a very high payout ratio.
Starbucks is boosting its dividend as part of its ongoing turnaround, even as the company faces a very high payout ratio, MarketBeat Ratings said.
The outlet also reported that Starbucks has explored acquiring Chipotle.
MarketBeat Ratings highlighted other dividend increases as well, including Accenture and Curtiss-Wright, as stocks in consulting, defense, and consumer discretionary industries add more weight to dividends.
For Accenture, the outlet pointed to strong reaction after results, noting revenue of $18.7 billion that came in above expectations, and said the firm added nearly 100 clients who initiated their first advanced AI services.