Stocks
McDonald's Hits 50-Year Dividend Streak, Joins Elite Group
McDonald's has declared its quarterly cash dividend at $1.93 per share, marking a 4% increase from the previous payment.
This move brings McDonald's total annualized dividend to $7.72 per share and marks a significant milestone for the company: 50 consecutive years of dividend increases.
The latest announcement adds McDonald's to the exclusive 'Dividend Kings' group, which consists of fewer than 60 U.S. public companies that have raised their annual dividend for at least 50 consecutive years.