McDonald’s Corporation Declares Quarterly Dividend of $1.86 (NYSE:MCD)

McDonald’s Corporation (NYSE:MCD) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Tuesday, September 1st will be paid a dividend of 1.86 per share by the fast-food giant on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

McDonald’s has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 49 years. McDonald’s has a payout ratio of 55.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect McDonald’s to earn $14.03 per share next year, which means the company should continue to be able to cover its $7.44 annual dividend with an expected future payout ratio of 53.0%.

McDonald’s Price Performance

MCD opened at $262.70 on Friday. McDonald’s has a 12-month low of $260.96 and a 12-month high of $341.75. The stock has a market capitalization of $186.65 billion, a PE ratio of 21.66, a P/E/G ratio of 2.83 and a beta of 0.41. The firm’s fifty day moving average price is $276.23 and its 200 day moving average price is $299.11.

McDonald’s (NYSE:MCD) last issued its quarterly earnings results on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, topping the consensus estimate of $2.74 by $0.09. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.67 earnings per share. On average, equities research analysts forecast that McDonald’s will post 12.86 earnings per share for the current fiscal year.

McDonald’s Company Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.