SEATTLE, USA – Starbucks Corporation today announced on December 11, 2024, that its Board of Directors has approved a quarterly cash dividend of $0.61 per share of outstanding Common Stock. The dividend will be payable in cash on February 28, 2025, to shareholders of record on February 14, 2025.
In other news, Tony Yang, former partner and president of digital marketing firm Tezign, has been appointed as Starbucks China’s first chief growth officer.
China is Starbucks’ second largest market after the US, with 7,596 shops across the country as of September.
The appointment follows a recent management reshuffle at the unit. In September, the company announced that Molly Liu would become the sole CEO of Starbucks China. Belinda Wong, who was co-CEO, would remain as chairwoman.
The brand is facing increasing competition in the Chinese market, where cheaper local brands such as Luckin and Manner have been gaining market share.
