McDonald's Corporation (MCD) will increase its quarterly dividend by 7.4 percent to $1.01 per share in 2017. This marks the 41st consecutive year of dividend increases for the company. 

The new dividend is payable on December 15, 2017 to shareholders of record at the close of business on December 1, 2017. The new dividend yield for McDonald's is 2.5%.

McDonald's President and Chief Executive Officer Steve Easterbrook said, "We continue to make progress in building a better McDonald's with our Velocity Growth Plan. Today's dividend increase reflects our confidence in the strength of the business and our ability to deliver sustained, long-term profitable growth for our system and our shareholders."

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 raised its dividend each and every year since paying its first dividend in 1976.