McDonald’s Plans Up to $20 Billion in Buybacks, Dividends
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McDonald’s Corp. set a target of returning as much as $20 billion in cash to investors through dividends and share buybacks by 2016, dashing optimism that the company would spend even more to boost its stagnant shares.
The plan represents as much as a 20 percent increase from the amount of cash returned in 2011 through 2013, the Oak Brook, Illinois-based company said today in a statement. McDonald’s also said it plans to sell 1,500 company-owned stores to franchisees by 2016, primarily in Europe, the Middle East, Africa and its Asia-Pacific region.