Topic: How To Invest

Dividend Advisor Hotline – Friday, February 3, 2017

Article Excerpt

MCDONALD’S CORP., $124.24, New York symbol MCD, is the world’s largest operator of fast-food restaurants, with 36,500 outlets in 120 countries. It serves a wide variety of food, but is best known for its hamburgers and French fries. The company last raised its quarterly dividend by 5.6%, with the December 2016 payment. Investors now receive $0.94 a share for an annual rate of $3.76; the stock yields 3.0%. McDonald’s has agreed to sell 80% of its 2,400 restaurants in China, as well as 240 in Hong Kong, to a group led by one of the country’s state-owned company. Under the terms of this deal, the buyers will act as the master franchisee for the next 20 years. They will maintain these locations as well as finance the opening of new stores. In exchange, McDonald’s will receive up to $2.1 billion in cash and equity in the buyers group (that’s in addition to its remaining 20% stake). This deal is part of the company’s long-term…