Starbucks announces 2-for-1 stock split

Emile Wamsteker | Bloomberg | Getty Images

Coffee giant Starbucks announced a 2 for 1 stock split on Wednesday during its annual shareholder meeting, its first split in nearly a decade. (Tweet this)

Shareholders who hold the stock as of March 30 will get one additional share for each one they have, and the new shares will be payable April 8 and begin trading on split adjusted basis on April 9.

Starbucks stock traded nearly flat in intraday trade on Wednesday at $94 per share. (Click here to track Starbucks stock.)

This marks the company's sixth split overall and the first since October 2005.

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The coffee giant also outlined new details about its delivery plans.

Herd Alert: Starbucks
Herd Alert: Starbucks   

Work in Seattle or New York City? Good news: trekking from the office to Starbucks for a caffeine jolt could be optional as soon the second half of the year.

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Starbucks will have optional delivery for a small fee as part of two programs that it will be testing in the two cities:

In some parts of Seattle, Starbucks customers can order on its mobile app and get food and beverage items delivered as part of a collaboration with on-demand delivery service firm Postmates. Couriers will deliver the items.

Meanwhile in New York, customers in certain office buildings can get food and beverage items delivered by Starbucks baristas.

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Tune in: Starbucks CEO Howard Schultz will be on CNBC's "Mad Money" at 6 p.m. ET.

Correction: This article has been corrected to reflect the last time Starbucks split its stock and the price of the delivery service.