McDonald´s raises 2019 dividend by 8 percent
Dividend Aristocrat McDonald's (MCD) will raise its dividend by almost 8 percent to $1.25 per share quarterly in 2019, marking the 43rd consecutive annual dividend increase.
McDonald's President and Chief Executive Officer Steve Easterbrook said, "Our broad based business strength across the globe is a testament to the Velocity Growth Plan. Today's dividend increase reflects our confidence in the plan and our continued focus on driving long-term value for all stakeholders."
McDonald's has raised its dividend for 43 consecutive years since paying its first dividend in 1976. The new quarterly dividend of $1.25 per share is equivalent to $5.00 annually. In addition, 2019 represents the final year of the Company's three-year cash return to shareholders target of about $25 billion. Through August, the Company returned a cumulative $21 billion and is on track to complete the remaining amount by the end of the year.
At a stock price of $209 the new annual dividend yields 2.4% for MCD. Last year the Big Mac maker hiked its dividend by almost 15 percent.
McDonald's is the world's leading global foodservice retailer with approximately 37,000 locations in over 100 countries. Over 90% of McDonald's restaurants worldwide are owned and operated by independent local business men and women.
McDonald's President and Chief Executive Officer Steve Easterbrook said, "Our broad based business strength across the globe is a testament to the Velocity Growth Plan. Today's dividend increase reflects our confidence in the plan and our continued focus on driving long-term value for all stakeholders."
McDonald's has raised its dividend for 43 consecutive years since paying its first dividend in 1976. The new quarterly dividend of $1.25 per share is equivalent to $5.00 annually. In addition, 2019 represents the final year of the Company's three-year cash return to shareholders target of about $25 billion. Through August, the Company returned a cumulative $21 billion and is on track to complete the remaining amount by the end of the year.
At a stock price of $209 the new annual dividend yields 2.4% for MCD. Last year the Big Mac maker hiked its dividend by almost 15 percent.
McDonald's is the world's leading global foodservice retailer with approximately 37,000 locations in over 100 countries. Over 90% of McDonald's restaurants worldwide are owned and operated by independent local business men and women.
