McDonald’s Raises Quarterly Dividend Payment by 11%
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McDonald’s Corp. raised its quarterly cash dividend 11 percent to 61 cents a share as the company boosted sales 88 months straight even in the weak economy.
The 6-cent increase indicates the world’s largest restaurant chain has the cash flow to cover growth initiatives such as new stores in Asia and remodeling programs in the U.S. and Europe, Tom Forte, analyst with Telsey Advisory Group in New York, said in a telephone interview.