Starbucks increases quarterly dividend by 7% while preliminary Q3 sales decline by 7%.

Starbucks announced a 7% increase in its quarterly dividend to $0.61 per share, marking its 14th consecutive annual raise. However, shares fell due to disappointing preliminary Q3 results, showing a 7% decline in global comparable-store sales and a 3% drop in net revenue. New CEO Brian Niccol aims to revitalize the brand, focusing on core values and customer experience, with upcoming earnings calls expected to clarify strategies for growth.