McDonald's Raises Quarterly Cash Dividend By 10%
- Quarterly cash dividend increases 10% to $0.77 per share - the equivalent of
OAK BROOK, Ill., Sept. 20, 2012
OAK BROOK,Ill., Sept. 20, 2012 /PRNewswire/ --On September 20, 2012,
McDonald's Board of Directors declared a quarterly cash dividend of $0.77 per
share of common stock payable on December 17, 2012, to shareholders of record
at the close of business on December 3, 2012. This represents a 10% increase
over the Company's previous quarterly dividend and brings the fourth quarter
dividend payout to approximately $770 million.
McDonald's Chief Executive Officer Don Thompson said, "Today's announced
dividend increase brings our 2012 expected total cash return to shareholders
to at least $5.5 billion through dividends and share repurchases."
Thompson continued, "McDonald's commitment to enhancing the customer
experience – from our menu and operations to our value and convenience –
continues to move us closer to becoming our customers' favorite place and way
to eat and drink. Our philosophy on the use of capital remains unchanged with
our first priority being to reinvest in our business to drive sales and cash
flow, while generating strong returns. After these investment opportunities,
we expect to return all of our free cash flow to shareholders over the
long-term through dividends and share repurchases. Today's dividend increase
demonstrates our confidence in the long-term strength of our Brand and our
commitment to enhancing shareholder value."
McDonald's has raised its dividend each and every year since paying its first
dividend in 1976. The new quarterly dividend of $0.77 per share is equivalent
to $3.08 annually.
McDonald's tentatively plans to release third quarter results before the
market opens on October 19, 2012 and will host an investor webcast. This
webcast will be broadcast live and available for replay for a limited time
thereafter at www.investor.mcdonalds.com.
McDonald's is the world's leading global foodservice retailer with more than
33,500 locations serving approximately 69 million customers in 119 countries
each day. More than 80% of McDonald's restaurants worldwide are owned and
operated by independent local men and women.
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.
Contact: Investors, Kathy Martin, +1-630-623-7833, or Media, Heidi Barker,
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