McDonalds announces dividend increase of 10%

McDonald's board announced the growth of its quarterly dividend to $1.52 per common stock. The payment date is Dec. 15, 2022. They are payable to shareholders of record at the close of business on December 1, 2022. The 10% dividend growth reflects that the company is confident in its growth strategy and is committed to long-term profitable growth for shareholders.

McDonald's has been paying dividends to shareholders for a long time. The company declared its first cash dividend in 1976. Since then, it has raised cash dividends for 46 consecutive years. Now, the dividend of $1.52 per share is equivalent to $6.08 annually. The company is trying to reinvest in the business to drive profitability and pay dividends and conduct share buybacks out of free cash flow.