A Raise and Free Lunch!
McDonald's announced a dividend hike today! This makes 36 years in row of higher payouts.
This year's 4 cent bump from 77 to 81 cents per share, or 5%, was less than the last few years and didn't seem to excite the markets much; the stock was down more than the broad market average. But, double digit raises can't continue indefinitely and 5% more is still a decent bump. More coin from the bigger payout should cover about one more McWrap meal every quarter.
Fool on! Russ