Here's How Much Stock Starbucks Repurchased in the Past Year

The coffee titan likes to return cash to shareholders through dividends and stock buybacks.Like many of its peers, Starbucks (SBUX 0.47%) allocates some of its excess cash each year toward buying back its own stock. The company uses that spending as a way to return cash to shareholders. That's because repurchasing your stock, to the extent that it reduces the outstanding share count, leaves existing shareholders with a larger relative ownership of the company. Earnings per share tend to expand more quickly, ...