McDonald’s Corporation (NYSE:MCD) Plans Quarterly Dividend of $1.93

McDonald’s Corporation (NYSE:MCD) announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Tuesday, December 1st will be given a dividend of 1.93 per share by the fast-food giant on Tuesday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, December 1st. This is a 3.8% increase from McDonald’s’s previous quarterly dividend of $1.86.

McDonald’s has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 49 years. McDonald’s has a dividend payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect McDonald’s to earn $13.90 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 53.5%.

McDonald’s Trading Down 0.0%

MCD stock opened at $248.50 on Friday. McDonald’s has a 1-year low of $247.83 and a 1-year high of $341.75. The firm has a market capitalization of $175.85 billion, a PE ratio of 20.19, a PEG ratio of 2.69 and a beta of 0.41. The business’s 50 day simple moving average is $265.51 and its 200 day simple moving average is $284.11.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.06. The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.13 billion. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 earnings per share. As a group, sell-side analysts predict that McDonald’s will post 12.87 EPS for the current fiscal year.

Institutional Investors Weigh In On McDonald’s

Institutional investors have recently modified their holdings of the company. Abound Financial LLC acquired a new stake in McDonald’s during the 4th quarter worth about $30,000. Purpose Unlimited Inc. acquired a new position in shares of McDonald’s in the 4th quarter valued at about $31,000. GKV Capital Management Co. Inc. acquired a new position in shares of McDonald’s in the 1st quarter valued at about $33,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of McDonald’s during the 1st quarter valued at about $43,000. Finally, Financial Life Planners bought a new stake in shares of McDonald’s during the 1st quarter valued at about $51,000. 70.29% of the stock is owned by institutional investors.

McDonald’s Company Profile

McDonald’s Corporation is a global quick-service restaurant company that operates and franchises restaurants under the McDonald’s brand. Its restaurants serve a menu that includes hamburgers, cheeseburgers, chicken sandwiches, French fries, breakfast items, desserts, salads, beverages and coffee. Offerings vary by market, and many locations provide drive-thru service, delivery and digital ordering through the McDonald’s mobile app.

The company operates through a heavily franchised business model, with restaurants owned and operated by independent franchisees, affiliates and the company itself.