Starbucks Leads $1.3 Billion Dividend Payout for Five Companies

Starbucks is leading a group of five companies that will pay out over $1.3 billion in dividends between August 14 and September 15. The largest payment, from Starbucks, amounts to $0.62 per share and will be made on August 28. This marks the ex-dividend date for these companies, which means buyers who purchase shares after this date will not receive the dividend payment.

The other four companies paying out dividends are Honeywell, Cintas, Royalty Pharma, and TPG. Their payments will range from early to mid-September. The combined total of $1.3 billion makes these companies significant contributors to shareholder wealth in the coming months.