McDonald´s hikes dividend by 6% in 2024
48 consecutive year of increased dividends for MCD
Hamburger restaurant chain McDonald's Corporation (MCD) announced a 6% dividend hike to $1.77 quarterly per share. This comes after a 9.9% dividend hike to a $1.67 per share quarterly last year by the Dividend Aristocrat. This 2024 dividend hike marks 48 consecutive years of increased dividends by the fastfood restaurant chain operator.
The next MCD dividend will be payable on December 16, 2024 to shareholders of record at the close of business on December 2, 2024. The 6% increase over the company's previous quarterly dividend reflects continued confidence in the Accelerating the Arches growth strategy and our ability to drive long-term profitable growth for all stakeholders.
McDonald's has a strong history of returning capital to its shareholders and has raised its dividend for 48 consecutive years since paying its first dividend in 1976. The new quarterly dividend of $1.77 per share is equivalent to $7.08 annually. MCD says that it is committed to its capital allocation philosophy of investing in opportunities to grow the business and drive strong returns, and returning free cash flow to shareholders over time through a combination of dividends and share repurchases.
McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants with locations in over 100 countries. Most of McDonald's restaurants worldwide are owned and operated by independent local business men and women. The company's restaurants serve a locally relevant menu of food and drinks sold at various price points. McDonald's has a strong history of returning capital to its shareholders and has raised its dividend for over 40 years consecutively since paying its first dividend in 1976.