CHICAGO, Oct. 4, 2023
/PRNewswire/ -- Today, McDonald's Board of Directors declared a
quarterly cash dividend of $1.67 per
share of common stock payable on December
15, 2023 to shareholders of record at the close of business
on December 1, 2023. The 10% increase
over the Company's previous quarterly dividend reflects continued
confidence in the Accelerating the Arches growth strategy
and a focus on driving long-term profitable growth for all
stakeholders.
McDonald's has a strong history of returning capital to its
shareholders and has raised its dividend for 47 consecutive years
since paying its first dividend in 1976. The new quarterly dividend
of $1.67 per share is equivalent to
$6.68 annually. The Company is
committed to its capital allocation philosophy of reinvesting in
the business to drive profitable growth and returning all free cash
flow to shareholders over time through a combination of dividends
and share repurchases.
Upcoming Communications
For important news and
information regarding McDonald's, including the timing of future
investor conferences and earnings calls, visit the Investor
Relations section of the Company's Internet home page at
www.investor.mcdonalds.com. McDonald's uses this website as a
primary channel for disclosing key information to its investors,
some of which may contain material and previously non-public
information.
About McDonald's
McDonald's is the world's leading
global foodservice retailer with nearly 40,000 locations in over
100 countries. Approximately 95% of McDonald's restaurants
worldwide are owned and operated by independent local business
owners.
Forward-Looking Statements
This document contains
forward-looking statements about future events and circumstances.
Generally speaking, any statement not based upon historical fact is
a forward-looking statement. In particular, statements regarding
McDonald's plans, strategies, prospects and expectations regarding
its business and industry are forward-looking statements. They
reflect McDonald's expectations, are not guarantees of performance
and speak only as of the date hereof. Except as required by law,
McDonald's does not undertake to update such forward-looking
statements. You should not rely unduly on forward-looking
statements. McDonald's business results are subject to a variety of
risks, including those that are described in its Quarterly Report
on Form 10-Q for the quarter ended June 30,
2023 and subsequent filings with the Securities and Exchange
Commission.
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SOURCE McDonald's Corporation