On 26 September, McDonald's (MCD) increased its quarterly dividend by 5.99%, from $1.67 to $1.77 per share.
The dividend will be paid on 16 December to shareholders of record on 2 December. The ex-dividend date is 2 December.
MCD's contribution to DivGro's projected annual dividend income will
increase by $30 to $531.
I own 75 shares of MCD at an average cost basis of $195.70 per share. Following this increase, my yield on cost is 3.62%. (MCD's forward yield is 2.32% at $305.26 per share).
Since I opened my MCD position in September 2014, the stock has produced total returns of 68%, including $1,717.63 in dividend income.
MCD became DivGro's 10th Home Run stock in January 2018, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $4.73 | $5.04 | $5.25 | $5.66 | $6.23 | ⬆ | $6.78✝ |
| 12.89% | 6.55% | 4.17% | 7.81% | 10.07% | ⬇ | 8.83% |
| 5-year DGR: | 8.26% | ⬇ | 7.47% | |||
✝projected, assuming no further changes
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