McDonald's Boots Annual Dividend By 50%; To Return $15 - $17 Bln Cash To Stockholders

Thursday, September 13, 2007; Posted: 07:53 AM

7 Stocks You Need To Know For Tomorrow -- Free Newsletter

(RTTNews) - Wednesday, after the closing bell, McDonald's Corp. (MCD | charts | news | PowerRating) announced that its Board declared an annual cash dividend of $1.50 per share payable on December 3, 2007 to shareholders of record as of November 15, 2007. This is 50% higher than the company's 2006 dividend of $1.00 per share. The company's dividend is now more than six times higher than the 23.5 cents per share paid in 2002.

Jim Skinner, the Chief Executive Officer of McDonald's said that the company expect to return $15 billion to $17 billion in cash to shareholders from 2007 through 2009, subject to business and market conditions and that the increase in dividend is a part of this commitment.

For full details on Mcdonalds Corp (MCD) click here. Mcdonalds Corp (MCD) has Short Term PowerRatings of 6. Details on Mcdonalds Corp (MCD) Short Term PowerRatings is available at This Link.

Morning Coffee with TradingMarkets -- Free Newsletter

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.