- McDonald’s Corp (NYSE:MCD) said its Board of Directors approved a 10% increase in quarterly cash dividend to $1.52.
- The dividend is payable on December 15, 2022, to shareholders of record at the close of business on December 1, 2022.
- The new dividend of $1.52 per share is equivalent to $6.08 annually.
- Also Read: McDonald’s Temporarily Defeats Black Franchisees’ $1B Bias Lawsuit
- The company has raised its dividend for 46 consecutive years since paying its first dividend in 1976.
- McDonald’s held $1.9 billion in cash and equivalents as of June 30, 2022.
- Price Action: MCD shares are trading lower by 0.15% at $246.31 in premarket on the last check Friday.
- Also Read: McDonald’s Rejects Owners Plea To Delay Changes In Franchise Policy
What’s Really Behind Tesla Stock Weakness: Musk-Induced ‘Twitter Hangover’ Or EV Bubble Popping? Analyst Says ‘Don’t Let Anybody Fool You…’
Much of Tesla stock's weakness has to do with Musk's Twitter buy and the management's decision to cut EV prices incessantly, says Gary Black.
