OAK BROOK, Ill., Sept. 29, 2016 /PRNewswire/ -- On
September 28, 2016, McDonald's Board
of Directors declared a quarterly cash dividend of $0.94 per share of common stock payable on
December 15, 2016 to shareholders of
record at the close of business on December
1, 2016. This represents a 6% increase over the Company's
previous quarterly dividend and brings the fourth quarter dividend
payout to nearly $800 million.
McDonald's President and Chief Executive Officer Steve Easterbrook said, "I'm encouraged by the
meaningful progress we've made against our turnaround plan and
energized by the opportunities that lie ahead. Today's dividend
increase reflects the strength and stability of our cash flow and
our continued focus on driving long-term value for all
stakeholders."
McDonald's has raised its dividend each and every year since
paying its first dividend in 1976. The new quarterly dividend of
$0.94 per share is equivalent to
$3.76 annually. In addition, 2016
represents the final year of the Company's three-year, $30 billion cash return to shareholders target.
Through August, the Company returned a cumulative $26 billion and is on track to complete the
remaining amount by the end of the year.
Upcoming Communications
McDonald's plans to release third quarter results before the
market opens on October 21, 2016 and
will host an investor webcast. This webcast will be broadcast live
and available for replay for a limited time thereafter at
www.investor.mcdonalds.com.
About McDonald's
McDonald's is the world's leading global foodservice retailer
with over 36,000 locations in over 100 countries. More than 80% of
McDonald's restaurants worldwide are owned and operated by
independent local business men and women.
Forward-Looking Statements
This release contains certain forward-looking statements, which
reflect management's expectations regarding future events and
operating performance and speak only as of the date hereof.
These forward-looking statements involve a number of risks and
uncertainties. The factors that could cause actual results to
differ materially from our expectations are detailed in the
Company's filings with the Securities and Exchange Commission, such
as its annual and quarterly reports and current reports on Form
8-K. The Company undertakes no obligation to update such
forward-looking statements, except as may otherwise be required by
law.
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SOURCE McDonald's Corporation