CHICAGO, Sept. 23, 2021 /PRNewswire/ -- Today,
McDonald's Board of Directors declared a quarterly cash dividend of
$1.38 per share of common stock
payable on December 15, 2021 to
shareholders of record at the close of business on December 1, 2021. This represents a 7% increase
over the Company's previous quarterly dividend and brings the
fourth quarter dividend payout to over $1
billion. The dividend increase reflects confidence in
the Accelerating the Arches growth strategy and a continued 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 45 consecutive years
since paying its first dividend in 1976. The new dividend of
$1.38 per share is equivalent to
$5.52 annually.
Additionally, the Company announced the resumption of its share
repurchase program. 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 over 39,000 locations in over 100 countries. Approximately 93%
of McDonald's restaurants worldwide are owned and operated by
independent local business owners.
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. Factors that could cause actual results to differ
materially from 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