McDonald's (MCD) Raises Quarterly Dividend 14.9% to $1.16; 2.9% Yield

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Go back to McDonald's (MCD) Raises Quarterly Dividend 14.9% to $1.16; 2.9% Yield

McDonald's Raises Quarterly Cash Dividend By 15%

September 20, 2018 6:30 PM EDT

CHICAGO, Sept. 20, 2018 /PRNewswire/ -- Today, McDonald's Board of Directors approved the Company's 42nd consecutive annual dividend increase, raising the quarterly dividend 15% from $1.01 to $1.16 per share of common stock, payable on December 17, 2018 to shareholders of record at the close of business on December 3, 2018. This brings the fourth quarter dividend payout to nearly $900 million. McDonald's has experienced increased capital allocation flexibility due to the evolution of the Company's business model and the effects of the Tax Cuts and Jobs Act of 2017.

McDonald's President and Chief Executive Officer Steve Easterbrook said, "Our substantial cash... More