McDonald’s Board of Directors has announced a quarterly cash dividend of $1.77 per share, set to be paid on December 16, 2024, to shareholders on record as of December 2, 2024. This marks a 6% increase from the previous dividend, showcasing the company’s confidence in its “Accelerating the Arches” growth strategy and its potential for long-term profitable growth.
The fast-food giant has a strong track record, having raised its dividend for 48 consecutive years since initiating payments in 1976. The new quarterly dividend translates to an annual amount of $7.08. McDonald’s remains committed to its capital allocation strategy, focusing on growth investments, delivering robust returns, and returning free cash flow to shareholders through dividends and share repurchases.
Related topics:
- Hotel101 Partners with Jollibee for Exclusive Promo Offer
- Subway Fans Eager for Limited-Time Holiday Dessert Menu Addition
- McDonald’s Plans to Redesign Former Pizza Hut in High Wycombe