Since I initiated a position in the company back in April 2014, Starbucks has been the top performer for my portfolio as judged by internal rate of return. The current yield is a bit low for many dividend growth investors, but the growth more than makes up for it. Thus far, my dividend income from Starbucks has increased over 50%, thanks to consistently high dividend growth.
There's a lot to like about Starbucks the business. However, Starbucks the stock doesn't look intriguing to me at the current price levels. Identifying excellent companies is easier than finding them trading at excellent valuations. However, that doesn't mean that you have to ignore the company and hope for a market selloff before initiating a position.
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