CHICAGO, Sept. 20, 2018 /PRNewswire/ -- Today, McDonald's
Board of Directors approved the Company's 42nd
consecutive annual dividend increase, raising the quarterly
dividend 15% from $1.01 to $1.16 per share of common stock, payable
on December 17, 2018 to shareholders of record at the
close of business on December 3, 2018. This brings the fourth
quarter dividend payout to nearly $900 million. McDonald's has
experienced increased capital allocation flexibility due to the
evolution of the Company's business model and the effects of the
Tax Cuts and Jobs Act of 2017.
McDonald's President and Chief Executive Officer Steve
Easterbrook said, "Our substantial cash flow enables us to
invest in the business to drive growth under our Velocity Growth
Plan. We are confident that the Plan will deliver sustained,
long-term profitability for our system and our shareholders, which
is reflected in today's increases in our dividend and three-year
cash return to shareholders target."
These actions reinforce management's confidence in the Company's
ability to achieve the following long term, average annual
(constant currency) financial targets, beginning in 2019:
- Systemwide sales growth of 3-5%;
- Operating margin in the mid-40% range;
- Earnings per share growth in the high-single digits; and
- ROIIC in the mid-20% range.
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 publishing 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 37,000 locations in over 100 countries. Over 90% of
McDonald's restaurants worldwide are owned and operated by
independent local business men and women.
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. The factors that could cause actual results to
differ materially from our 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