McDonald’s Raises Quarterly Cash Dividend By 15%

Yesterday it was the M of Microsoft and today’s it’s the M of McDonalds if it’s about dividend increases. McDonalds announced a 15% dividend increase. The quarterly dividend is increased from $1.01 to $1.16.

I own 11 shares McDonalds so this dividend increase results in $6,60 in extra dividend income per year. My yield on cost is now 2,98%.