McDonald’s Corporation (MCD) to Issue Quarterly Dividend of $1.93 on December 15th

by · The Cerbat Gem

McDonald’s Corporation (NYSE:MCD – Get Free Report) announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Tuesday, December 1st will be paid 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 of this dividend 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%annually 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect McDonald’s to earn $13.91 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 Up 0.1%

Shares of NYSE MCD opened at $248.69 on Friday. The company has a market capitalization of $175.98 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41. McDonald’s has a twelve month low of $247.65 and a twelve month high of $341.75. The business has a 50 day simple moving average of $264.98 and a 200-day simple moving average of $283.86.

McDonald’s (NYSE:MCD – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The fast-food giant reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.06. McDonald’s had a net margin of 31.72% and a negative return on equity of 572.06%. The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $7.13 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts predict that McDonald’s will post 12.88 earnings per share for the current year.

McDonald’s News Roundup

Here are the key news stories impacting McDonald’s this week:

  • Positive Sentiment: McDonald’s raised its quarterly dividend 3.8% to $1.93 per share, or $7.72 annualized, marking 50 consecutive years of increases and officially placing the company among the Dividend Kings. The increase supports the stock’s income appeal, with a yield of approximately 3.1%. McDonald’s marks 50 consecutive years of dividend increases
  • Positive Sentiment: BTIG initiated or reiterated a “Buy” rating, while Citigroup maintained a Buy rating despite reducing its price target from $345 to $310. The revised target still implies substantial potential upside from current levels. McDonald’s earns Buy rating from BTIG Research
  • Positive Sentiment: One Wall Street analyst argues that the selloff has created a possible 45% recovery opportunity if McDonald’s can restore sales momentum and close its valuation gap with the broader market. McDonald’s potential 45% gain

McDonald’s Company Profile

(Get Free Report)

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.

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