McDonald's Dividend Raised 33%

On Thursday, McDonald's Corp. (MCD) announced a 33.33% increase in the company's quarterly cash dividend. The new quarterly dividend increases to $0.50 per share versus an equivalent $0.375 per share paid in the fourth quarter last year. It should be noted that prior to 2008, MCD paid one annual dividend. In 2007 the annual dividend was $1.50. The projected payout ratio is approximately 53% based on 2009 estimated earnings of $3.81. The 5-year historical payout ratio is approximately 44%.

click to enlarge

click to enlarge

Disclosure: None

Comments

[Dividend Growth Investor]

Yesterday was a mixed day for dividend investors. GE froze its dividend payment while MCD increased it pretty sharply.

2008 Sep 26 10:07 AM