McDonald's Corporation Just Increased Its Dividend

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.

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Source: Fool.com