McDonald's (MCD) Raises Quarterly Dividend 5.6% to $0.94; 3.3% Yield

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Go back to McDonald's (MCD) Raises Quarterly Dividend 5.6% to $0.94; 3.3% Yield

McDonald's Raises Quarterly Cash Dividend By 6%

September 29, 2016 7:58 AM EDT

OAK BROOK, Ill., Sept. 29, 2016 /PRNewswire/ -- On September 28, 2016, McDonald's Board of Directors declared a quarterly cash dividend of $0.94 per share of common stock payable on December 15, 2016 to shareholders of record at the close of business on December 1, 2016. This represents a 6% increase over the Company's previous quarterly dividend and brings the fourth quarter dividend payout to nearly $800 million.

McDonald's President and Chief Executive Officer Steve Easterbrook said, "I'm encouraged by the meaningful progress we've made against our turnaround plan and energized by the opportunities that lie ahead.... More