McDonald’s (MCD) increased its quarterly cash dividend by 7% to $1.38 per share, implying an annual dividend of $5.52 per share, and also resumed its share repurchase program. The dividend is payable on December 15 to holders of record on December 1, 2021. Shares of the American fast-food company gained 0.5% in the extended trading session on Thursday following the news. (See McDonald’s stock charts on TipRanks) Markedly, the announcement resonates with the company’s strong track record of dividend hikes in the past and marks the 45th increase since its first pay-out in 1976. Further, the dividend increase will lead to pay-outs of more than $1 billion in Q4.
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