By Josh Beckerman 
 

McDonald's Corp. (MCD) on Thursday raised its quarterly dividend by 15% and increased its goal for cash returns to shareholders.

The quarterly payout was boosted to $1.16 from $1.01.

McDonald's said it is confident that its Velocity Growth Plan "will deliver sustained, long-term profitability for our system and our shareholders."

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

September 20, 2018 18:55 ET (22:55 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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