News

McDonald's quarterly dividend up 8% over last quarter

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September 20, 2019

McDonald's said that its quarterly dividend that's payable in mid-December increased 8% over the previous quarter's dividend and will be $1.25 per share of common stock with a payout of more than $900 million. A news release said the dividend is payable on Dec. 16, 2019 to shareholders of record on Dec. 2. 

"Our broad-based business strength across the globe is a testament to the Velocity Growth Plan," McDonald's President and CEO Steve Easterbrook said in the release, referring to the company's expansion initiative. "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. The brand also said that this is the final year of its three-year cash return to shareholders target of about $25 billion. As of the end of August, McDonald's returned $21 billion cumulatively, and remains on track to hit that $25 billion mark by year's end.