McDonald's Raises Dividend to 61 Cents a Share

McDonaldsMcDonald's (MCD) declared a quarterly cash dividend of 61 cents a share, an 11% increase over the previous quarterly dividend.

This brings the fourth quarter dividend payout to about $650 million, McDonald's said in a statement.

Sponsored Links
"With today's announced dividend increase, we expect the 2010 total cash returned to shareholders to be approximately $5 billion, split between dividends and share repurchases," CEO Jim Skinner said. "Today's dividend increase demonstrates our confidence in the long-term strength of our brand."

McDonald's has raised its dividend every year since it first paid one in 1976. The new quarterly dividend is equivalent to an annual rate of $2.44 a share.



Read Full Story

Markets

DJIA 24,700.21 -287.26 -1.15%
NASDAQ 7,725.59 -21.44 -0.28%
NIKKEI 225 22,215.53 -62.95 -0.28%
HANG SENG 29,569.52 101.37 0.34%
DAX 12,677.97 -156.14 -1.22%
USD (per EUR) 1.16 0.00 -0.06%
USD (per CHF) 0.99 0.00 0.05%
JPY (per USD) 110.09 0.02 0.02%
GBP (per USD) 1.32 0.00 -0.06%