Dividend Increase - McDonald's
Today, McDonald's board of directors announced a 10% increase in the quarterly dividend from $0.70 per share to $0.77 per share. The new rate will be payable December 17th to shareholders of record on December 3rd. This brings the annual payout to $3.08 per share. The increase will raise my quarterly payout from the latest of $22.51 to the next payout being $24.95. My YOC for my shares rose from 3.12% to 3.44%, while my YOC for the portfolio increased from 3.03% to 3.07%. This puts McDonalds on track for 36 years of annual dividend increases. It's a great day when you get to wake up and find you just got a raise.