McDonald’s Super-Sized Dividend – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/14927/McDonald%27s+Super-Sized+Dividend+-+Zacks+Tale+of+the+TapePosted on Friday, September 26th, 2008 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
McDonaldÂ’s (MCD) has come up with an extra large quarterly dividend serving, and its shareholders canÂ’t get enough of it. Staying true to its record of increasing its dividend every year, the fast-food giant announced on Thursday that itÂ’s hiking its quarterly dividend by 33% to 50 cents a share, for an annual payout of $2 a share.
The restaurant chain has so far skirted the slowdown in the U.S. and clocked a same-store sales growth of 8.5% in August. In the last three months, the stock has come up by around 11% in value. No wonder, the shareholders are ‘lovinÂ’ it.’ The stock gained around 19 cents in the morning and is trading at $62.46.
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