McDonald's Boosts Dividend 15% -- Update
21 September 2018 - 9:44AM
Dow Jones News
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.
Shares were recently up 70 cents, to $161.49, after hours.
McDonald's is targeting about $25 billion of returns for the
three years ending 2019, compared with $24 billion as of
January.
The company said the moves show its confidence in meeting
long-term financial goals detailed in the Velocity Growth Plan
introduced in early 2017. These targets include annual systemwide
sales growth of 3% to 5% on a constant currency basis, starting in
2019.
Corporate changes at McDonald's have included cutting layers of
management and refranchising, while efforts at the restaurant level
include self-service kiosks and a change to fresh beef from frozen
in Quarter Pounders.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 20, 2018 19:29 ET (23:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
McDonalds (NYSE:MCD)
Historical Stock Chart
From Mar 2024 to Apr 2024
McDonalds (NYSE:MCD)
Historical Stock Chart
From Apr 2023 to Apr 2024
