Burger King Maintains Low Dividend

Burger King (BKC: 0.00 N/A) announced today that its Board of Directors has approved a quarterly dividend of $.0625 per share.

 

Burger King’s current dividend yield now stands at 1.5%.

 

The dividend will be payable on June 26, 2009 to shareholders of record as of June 10, 2009.

 

Since the beginning of 2009, BKC’s shares have fallen 32% after dropping only 16% in 2008. The stock finished down again today, dropping 3.4% to $16.24.

 

Meanwhile, top rival McDonald’s (MCD: 99.99 -0.06%) has seen their share price fall less than 7% since the beginning of the year. In addition, McDonald’s rewards its investors with a 3.4% dividend yield which is more than double the yield that Burger King offers.

 

 

 

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