Starbucks (NASDAQ: SBUX) shares are down 30% from their all-time high, but over the last decade, they've returned 249% compared to the S&P 500's 166%.
Starbucks is becoming more than a growth stock. It's also generating dividends.
Starbucks' dividend yield peaked at 2.75% in 2022.
Since the stock price has rebounded, the yield has dropped 20%. Starbucks yields over its historical average, making it a high-yield investment.
Dividend Aristocrats are dividend-paying stocks. Thus, Starbucks is approaching this coveted rank.
Starbucks' September investor-day presentation said that management aims to distribute $20 billion to shareholders over the next three years via dividends and share repurchases.
Starbucks might be a good dividend investment if management can keep these promises.