McDonald’s Corporation (NYSE:MCD) to Issue Quarterly Dividend of $1.86

McDonald’s Corporation (NYSE:MCD) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of 1.86 per share by the fast-food giant on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, June 2nd.

McDonald’s has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 49 years. McDonald’s has a payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Analysts expect McDonald’s to earn $14.14 per share next year, which means the company should continue to be able to cover its $7.44 annual dividend with an expected future payout ratio of 52.6%.

McDonald’s Price Performance

Shares of MCD opened at $280.39 on Thursday. The firm has a 50-day moving average of $301.43 and a 200-day moving average of $309.54. McDonald’s has a one year low of $271.98 and a one year high of $341.75. The company has a market cap of $199.22 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 2.79 and a beta of 0.43.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The company had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter last year, the firm posted $2.67 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that McDonald’s will post 12.94 earnings per share for the current year.

About McDonald’s

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.