This Soon-to-Be Dividend King Is Hoping to Get a Boost From the AI Trend -- Here's How
In the fourth quarter of 2024, fast-food giant McDonald's (NYSE: MCD) raised its quarterly dividend from $1.67 per share to $1.77 per share. This is more consequential than just a 6% increase to its dividend. It also marked the 49th consecutive year that the company has both paid and increased its dividend.If it raises its dividend again before the end of 2025, McDonald's will extend its streak to 50 years, placing it among the elite Dividend Kings.A business doesn't just wake up one morning and find itself in such rarified air. To the contrary, paying a dividend in the first place denotes a degree of strong financial performance. Furthermore, progressively paying more on an annual basis over the course of decades suggests that the company is able to outcompete its rivals regardless of what's going on in the world, perhaps thanks to some competitive advantage.Continue reading
In the fourth quarter of 2024, fast-food giant McDonald's (NYSE: MCD) raised its quarterly dividend from $1.67 per share to $1.77 per share. This is more consequential than just a 6% increase to its dividend. It also marked the 49th consecutive year that the company has both paid and increased its dividend.
If it raises its dividend again before the end of 2025, McDonald's will extend its streak to 50 years, placing it among the elite Dividend Kings.
A business doesn't just wake up one morning and find itself in such rarified air. To the contrary, paying a dividend in the first place denotes a degree of strong financial performance. Furthermore, progressively paying more on an annual basis over the course of decades suggests that the company is able to outcompete its rivals regardless of what's going on in the world, perhaps thanks to some competitive advantage.
