McDonald's: ups dividend, resumes share buyback
(CercleFinance.com) - Yesterday evening, McDonald's announced that it was going to up its quarterly dividend and resume the share buybacks that it had suspended in March 2020, at the onset of the sanitary crisis.
The US fast-food giant is raising its dividend by 7% to bring it to 1.38 dollars, the 45th consecutive increase since the introduction of the dividend in 1976.
In a press release, the Chicago-based group justifies the increase citing the success of its strategic growth plan, as well as improvement to its long-term profitability.
McDonald's also announced on Thursday that it would resume its share buybacks, albeit without specifying the details of the calendar or the amount it plans to earmark.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The US fast-food giant is raising its dividend by 7% to bring it to 1.38 dollars, the 45th consecutive increase since the introduction of the dividend in 1976.
In a press release, the Chicago-based group justifies the increase citing the success of its strategic growth plan, as well as improvement to its long-term profitability.
McDonald's also announced on Thursday that it would resume its share buybacks, albeit without specifying the details of the calendar or the amount it plans to earmark.
Copyright (c) 2021 CercleFinance.com. All rights reserved.