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McDonald's Raises Quarterly Dividend by 6%

Provided by Dow Jones

Sep 25, 2024 11:03pm

By Sabela Ojea

McDonald's Corp. is raising its quarterly dividend by 6%, to $1.77 a share.

The fast food chain said Wednesday its board of directors approved a quarterly payout to shareholders of $1.77, up from $1.67 a share previously.

The new payout, equal to $7.08 annually, represents a yield of 2.35%, based on McDonald's latest closing price of $300.47 a share.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

September 25, 2024 19:03 ET (23:03 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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