Iconic fast food chain McDonalds (MCD) has raised their dividend from $0.375/share to $0.50/share. This represents an increase of 33%. McDonalds' global sales were credited as fuel for the pay out raise.
The company has raised its dividend each year since the company began paying one in 1976.
Here is a glance at the company's recent dividend history:
2004-$0.55
2005- $0.67
2006-$1.00
2007-$1.50
2008-$1.625
2009 -$2.00 (estimated)
This represents a compounded annual growth rate of the dividend of 29.5%. The stock is currently trading at around $60 and yielding about 3.3%. This company has really been executing well over the past few years. In March of 2003 the stock actually traded below $13/share. This is certainly one we all wish we had owned for the past 5 years. As a former employee I wish I had been paid in stock instead.
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Canadian Aristocrats; They Have it Too!!
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Last week, I took a shot at Dividend Aristocrats on theUS side. But
did you know that Canadians have Dividend Aristocrats too? Mind you, I’m
going to...
1 hour ago
Sweet. I doubt however that their employees are making that much on average. They should have been better off getting education.
ReplyDeleteI don't know about the east but in western Canada the employee's are making close to $15/hour.That is pretty good for a non education job and safer then the oil field
ReplyDeleteIf I had been paid in stock instead of the $7.60/hour I was making back in 1996 I would be quite happy today.
ReplyDeleteMG,
ReplyDeleteActually you could have invested your salary earnings into MCD stock.
And where i live i think that shift mgrs make $9/hour. So I guess canadian mcd employees have it pretty sweet..