Topic: How To Invest

Dividend Advisor Hotline – Friday, March 18, 2022

Article Excerpt

MCDONALD’S CORP., $238.92, New York symbol MCD, is still a buy. The company is the world’s largest fast-food chain, with over 39,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries. Franchisees own roughly 93% of those outlets. Starting with the December 2021 payment, McDonald’s raised your quarterly dividend by 7.0%. Investors now receive $1.38 a share instead of $1.29. The new annual rate of $5.52 yields 2.3%. In response to Russia’s invasion of Ukraine, McDonald’s is temporarily closing its 847 outlets in Russia (84% of which are owned by the company) and 108 restaurants in Ukraine (100% company owned). In 2021, those stores accounted for about 9% of the company’s total revenue, and less than 3% of its gross earnings. McDonald’s will continue to pay all its 62,000 Russian employees. It will also keep paying leases for its locations as well as other expenses. The company expects the closures will cost it $50…