- Shares of McDonald's (NYSE:MCD) are on watch after the company boosted its dividend payout rate. The yield moves up to 3.26% based off of yesterday's closing price.
- The company also noted that this year is the final year of its three-year target to return $30B to shareholders in cash. Through the end of August, McDonald's has returned a total of $26B and the restaurant operator is on track to complete the remaining amount by the end of the year.
- A reset of McDonald's capital allocation target is likely to be announced by the end of the year.
- Previously: McDonald's declares $0.94 dividend (Sept. 29)
- MCD +0.10% premarket to $115.30.