Expect another hike this month

Article Excerpt

MCDONALD’S CORP. $217 (New York symbol MCD; Income-Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 759.4 million; Market cap: $164.8 billion; Dividend yield: 2.1%; Dividend Sustainability Rating: Highest; www.mcdonalds.com) is the world’s largest operator of fast-food restaurants, with 38,000 outlets in 120 countries. It serves a wide variety of food, but is best known for its hamburgers and french fries. The company has raised its dividend each year since 1976. It last raised its quarterly dividend with the December 2018 payment, to $1.16 a share, up 14.9% from $1.01. The new annual rate of $4.64 yields 2.1%. The company will probably announce its next dividend increase in late September 2019. McDonald’s is a buy. buy…