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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| McDonalds Corp | NYSE:MCD | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -2.78 | -1.02% | 270.4998 | 274.62 | 268.89 | 274.14 | 2,642,345 | 01:00:00 |
From May 2019 to May 2024
By Josh Beckerman
McDonald's Corp. (MCD) on Thursday raised its quarterly dividend by 15% and increased its goal for cash returns to shareholders.
The quarterly payout was boosted to $1.16 from $1.01.
Shares were recently up 70 cents, to $161.49, after hours.
McDonald's is targeting about $25 billion of returns for the three years ending 2019, compared with $24 billion as of January.
The company said the moves show its confidence in meeting long-term financial goals detailed in the Velocity Growth Plan introduced in early 2017. These targets include annual systemwide sales growth of 3% to 5% on a constant currency basis, starting in 2019.
Corporate changes at McDonald's have included cutting layers of management and refranchising, while efforts at the restaurant level include self-service kiosks and a change to fresh beef from frozen in Quarter Pounders.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 20, 2018 19:29 ET (23:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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