AP News

McDonald's raises dividend 10 percent

OAK BROOK, Ill. (AP) — McDonald's Corp. said Thursday that it is raising its dividend 10 percent for the fourth quarter, paying 77 cents per share.

The dividend is payable Dec. 17 to shareholders of record as of Dec. 3, the world's largest hamburger chain said in a news release.

McDonald's said the dividend, up from the third-quarter dividend of 70 cents, will make total dividend payments about $770 million for the October-December quarter.

"Today's announced dividend increase brings our 2012 expected total cash return to shareholders to at least $5.5 billion through dividends and share repurchases," CEO Don Thompson said.

McDonald's shares rose 32 cents to close at $93.15.

The Good Business Issue
blog comments powered by Disqus