McDonald's Corporation Just Increased Its Dividend
Fast-food giant McDonald's (NYSE: MCD) just gave investors another reason to like its dividend. As expected, the company announced an increase to its dividend last week. Even better, McDonald's increased its dividend by a higher percentage than it did last year, highlighting recent strength in its business.
Here's a close look at the dividend increase -- and what it means for investors.
On Thursday, McDonald's said its board approved a 7% increase to its quarterly dividend, increasing it from $0.94 to $1.01. This brings the company's commitment to $4.04 worth of dividends annually. The first quarterly dividend at this new rate will be paid on Dec. 15.
Source: Fool.com
McDonalds Corp. Stock
€266.30
0.790%
With 71 Buy predictions and not a single Sell prediction McDonalds Corp. is an absolute favorite of our community.
With a target price of 290 € there is a slightly positive potential of 8.9% for McDonalds Corp. compared to the current price of 266.3 €.
