McDonald's Raises Quarterly Dividend by 3.2% to $1.29 a Share
October 08 2020 - 8:29AM
Dow Jones News
By Colin Kellaher
McDonald's Corp. on Thursday said its board raised the quarterly
dividend by 3.2% to $1.29 a share from $1.25.
The Chicago-based fast-food giant said the increased dividend is
payable Dec. 15 to shareholders of record Dec. 1.
The new payout, equal to $5.16 a year, represents an annual
yield of 2.28% based on Wednesday's closing price of $226.48, up
from 2.21%.
McDonald's said that while its results this year have been hurt
by the coronavirus pandemic, the pace of recovery coupled with its
strong financial position support an increased dividend while still
allowing the company to invest in its business.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 08, 2020 08:14 ET (12:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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