McDonald’s Corporation (MCD) will raise its quarterly dividend by 14.8 percent to $0.70 per share in the fourth quarter of 2011. Last year McDonald’s hiked its dividend by 10.9 percent to 61 cents per share quarterly.
The increased dividend is payable on December 15, 2011 to shareholders of record at the close of business on December 1, 2011. The ex-date for his next dividend of 70 cents per share is November 29, 2011.
McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants with locations in over 100 countries. Over 90% 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 paid a dividend every year since 1976.