On Thursday, McDonald's Corp. (NYSE: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%.
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