McDonald's boosts dividend by 5 percent

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — McDonald's says it's raising its quarterly dividend by 5 percent to 85 cents per share.

The world's biggest hamburger chain said the dividend will be payable Dec. 15 to shareholders of record Dec. 1. The company noted it has raised its dividend every year since 1976.

McDonald's, based in Oak Brook, Illinois, has been struggling to boost sales in its flagship U.S. market amid intensifying competition and changing eating habits. The company reported a slightly lower profit in its most recent quarter. Sales in China also recently took a hit after a TV report showed a long-time supplier using expired meat.

Shares of McDonald's Corp. edged up 31 cents to $93.79 in after-hours trading. The stock is down about 5 percent over the past year.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast