Yesterday,
September 25th the Board of Directors of McDonald's Corporation (MCD)
announced
a quarterly dividend increase of from $1.67 to $1.77 per share that’s
payable December 16, 2024 to holders of record December 2, 2024. This
represents a 5.99% increase over the last quarterly dividend. The
increase over the Company's previous quarterly dividend reflects
continued confidence in the Accelerating the Arches growth strategy
and our ability to drive long-term profitable growth for all
stakeholders.
McDonald's has a strong history of
returning capital to its shareholders and has raised its dividend for
48 consecutive years since paying its first dividend in 1976.
With current price $300.47 (yesterday's
close), this raise brings their dividend yield to 2.36%.