Starbucks Shareholders Live Off Dividends While Never Drinking Coffee
One Reddit user shared an astonishing story about their uncle and aunt who invested in Starbucks (NASDAQ:SBUX) stock in the 1990s. They bought 'a ton of stock' and held onto it for decades, collecting dividends that eventually helped fund their retirement.
The couple never tried Starbucks coffee despite owning a significant amount of its stock. In fact, during a visit to a store near their daughter's workplace, they ordered a drink but realized neither had brought their wallet, so they canceled the order and left without trying it again.
This irony was not lost on the poster, who pointed out that long-term shareholders can collect dividends while customers spend hundreds of dollars each year on Starbucks drinks. Other commenters shared similar stories about owning stock in companies like McDonald's (NYSE:MCD), Coca-Cola (NYSE:KO), and Altria (NYSE:MO) without consuming their products.