McDonald's announces 50th consecutive annual dividend increase

McDonald's Corporation has announced a quarterly dividend of $1.93 per share, marking a 3.8% increase from the previous dividend of $1.86. Shareholders of record as of December 1st will receive the payment on December 15th. This increase brings the company to its 50th consecutive year of annual dividend raises, officially granting it ‘Dividend King’ status.

The dividend represents an annualized yield of approximately 3.1%. Financial data indicates a payout ratio of 55.9%, suggesting the dividend is covered by earnings. Analysts expect the company to maintain this capability, with projected earnings of $13.90 per share next year.