Today, McDonalds Corp. (MCD) announced a 33.33% YOY increase in the company's quarterly cash dividend. The new quarterly dividend increases to 50 cents per share versus an equivalent 37.5 cents per share paid in the 4th quarter last year. It should be noted that prior to 2008, MCD paid one annual dividend. In 2007 the annual dividend was $1.50. The projected payout ratio is approximately 53% based on 2009 estimated earnings of $3.81. The 5-year historical payout ratio is approximately 44%.
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