McDonald's Corporation (MCD) will increase its quarterly dividend by almost 7 percent to $1.38 per share in 2021. This comes after a dividend hike of 3.2 percent to $1.29 per share in 2020 and will mark the 45th consecutive year of dividend increases for the restaurant company.

The next MCD dividend is payable on December 15, 2021 to shareholders of record at the close of business on December 1, 2021. The new quarterly dividend of $1.38 per share is equivalent to $5.52 annually and yields 2.3% to McDonald's shareholders at a stock price of $245. The average 5 year annual dividend growth rate for MCD is exactly 8.0 percent.

McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants with locations in over 100 countries. Over 90% (approximately 93% as of October 8, 2020: source company press release) 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 a strong history of returning capital to its shareholders and has raised its dividend for over 40 years consecutively since paying its first dividend in 1976.