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McDonald’s Hikes Dividend By 10%

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McDonald’s Corp (NYSE: MCD) said its Board of Directors approved a 10% increase in quarterly cash dividend to $1.52.

The dividend ispayable on December 15, 2022, to shareholders of record at the close of business on December 1, 2022.

The new dividend of $1.52 per share is equivalent to $6.08 annually.

Also Read:McDonald’s Temporarily Defeats Black Franchisees’ $1B Bias Lawsuit

The company has raised its dividend for 46 consecutive years since paying its first dividend in 1976.

McDonald’s held $1.9 billion in cash and equivalents as of June 30, 2022.

Price Action: MCD shares are trading lower by 0.15% at $246.31 in premarket on the last check Friday.

Also Read:McDonald’s Rejects Owners Plea To Delay Changes In Franchise Policy

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