By Stephen Nakrosis

 

McDonald's Corp. on Thursday said its board raised the company's quarterly cash dividend by 10%.

The new dividend of $1.52 per share will be payable on Dec. 15 to shareholders of record at the close of business on Dec. 1, the company said.

McDonald's said it paid its first dividend in 1976 and has raised its dividend for 46 consecutive years.

In September 2021, dividend was raised to $1.38 per share.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 13, 2022 19:00 ET (23:00 GMT)

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