McDonald's (MCD) Raises Quarterly Dividend 14.9% to $1.16; 2.9% Yield

McDonald's (NYSE: MCD) declared a quarterly dividend of $1.16 per share, or $4.64 annualized. This is a 14.9% increase from the prior dividend of $1.01.

The dividend will be payable on December 17, 2018, to stockholders of record on December 3, 2018, with an ex-dividend date of November 30, 2018.

The annual yield on the dividend is 2.9 percent.

McDonald's President and Chief Executive Officer Steve Easterbrook said, "Our substantial cash flow enables us to invest in the business to drive growth under our Velocity Growth Plan. We are confident that the Plan will deliver sustained, long-term profitability for our system and our shareholders, which is reflected in today's increases in our dividend and three-year cash return to shareholders target."

For a dividend history and other dividend-related data on McDonald's (MCD) click here.

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