McDonald's Raises Dividend, Resumes Share Repurchases
24 September 2021 - 01:12AM
Dow Jones News
By Stephen Nakrosis
McDonald's Corp. on Thursday said its board declared a quarterly
cash dividend of $1.38 per share, a 7% increase over the company's
previous dividend.
The new dividend will be payable December 15 to shareholders of
record at the close of business on December 1, the company
said.
"The dividend increase reflects confidence in the Accelerating
the Arches growth strategy and a continued focus on driving
long-term profitable growth for all stakeholders." McDonald's
said.
Also on Thursday, the company said it was resuming its share
repurchase program.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 23, 2021 18:57 ET (22:57 GMT)
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