Wednesday, September 18, 2013
Dividend Increase: MCD
McDonald's (MCD) is increasing its quarterly dividend by 5.2%, from $0.77 to $0.81 per share, putting the company on track for its 38th consecutive year of dividend growth (news release). Given that I own 50 shares of MCD, my quarterly dividend increases from $38.50 to $40.50 and my yield on cost becomes 3.63%. The extra $8.00 in annual dividend income raises my forward 12-month dividend total to $2,776. Thus far this year, there have been dividend increases for 25 of the 29 stocks in my portfolio.