Starbucks Corp. said Tuesday that it will be handing out free iced tea during its first summer "Fri-Yay" happy hour event at participating Teavana stores in the U.S. and Canada. The first happy hour event will take place between 3pm and 7pm on May 26. Customers can choose from the Beach Bellini, Strawberry Daquiri and Pi�a Colada flavors. Teavana will continue hosting the happy hours from June 2 through August 11, and customers who purchase one 24-ounce featured iced tea beverage will get a second of equal or lesser value for free. In addition to the three above, Teavana will also feature Mandarin Mimosa. Starbucks shares are nearly flat in early Monday trading, and up more than 12% for the past year. The S&P 500 index is up more than 17% for the last 12 months.
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