McDonald's hikes dividend by 9.9% to $1.67 quarterly per share

On October 4, 2023, McDonald's Corporation (MCD) announced a 9.9% dividend hike to a new quarterly high of $1.67 per share. This marks 47 consecutive years of increased dividends by the fastfood restaurant chain operator. The next dividend will be paid to MCD shareholders on December 15 with an ex-dividend date of November 30. The dividend yield for MCD is 2.69% at a stock price of $248.

McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants with locations in over 100 countries. Over 90% (approximately 93% as of October 8, 2020: source company press release) of McDonald's restaurants worldwide are owned and operated by independent local business men and women.  The Company's restaurants serve a locally relevant menu of food and drinks sold at various price points. McDonald's has a strong history of returning capital to its shareholders and has raised its dividend for over 40 years consecutively since paying its first dividend in 1976.