McDonald's Raises Dividend by 11%

I recently noted that McDonald’s (MCD) stock hit an all-time high. I wrote: “Forty years ago you could have picked up the shares for just 29 cents a piece. That's adjusted for nine stock splits; four 2-for-1s and five 3-for-2s which equals 121.5-for-1. That's a gain of close to 26,000% or nearly 15% a year, and it doesn't include dividends.” Well, dividends certainly mean something and McDonald’s just raised its quarterly dividend by 11% to 61 cents per share. The new dividend indicates a yield of 3.25% which is 75 bps more than a 10-year Treasury. If McDonald’s goes bankrupt, what’s the point of the government still being in business?... Read more

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