McDonald’s Announces Cash Dividend

McDonald’s [[MCD]] announced today that their Board of Directors has approved a quarterly dividend of $.50 per share.

 

McDonald’s current dividend yield now stands at 3.5%.

 

The cash dividend will be payable on June 22, 2009 to shareholders of record as of June 8, 2009.

 

Since the beginning of the year, MCD’s shares have fallen 7%. However, in 2008, McDonald’s was one of only two Dow component stocks (the other being Walmart [[WMT]]) to post positive gains for the year. In fact, since 2006, McDonald’s has been the Dow Jones index’s top stock – with the share price appreciating over 71% since the beginning of 2006.

 

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