Updating McDonald’s Corp., BHP Group LTD. (ADR) and Canon INC. ADRs

Article Excerpt

MCDONALD’S CORP. $213 (www.mcdonalds.com) operates over 38,000 fast-food restaurants in 120 countries. It serves a wide variety of food, but is best known for its hamburgers and french fries. Starting with the December 2019 payment, McDonald’s will increase its quarterly dividend by 7.8%. Investors will then receive $1.25 a share instead of $1.16. The new annual rate of $5.00 yields 2.3%. Best Buy. BHP GROUP LTD. (ADR) $50 (www.bhp.com) is a leading producer of iron ore, oil and natural gas, copper and coal. It operates in Australia, the U.S., U.K., Chile and South Africa. Thanks to improving iron ore prices, BHP will increase its semi-annual dividend by 41.8%, to $1.56 per ADR from $1.10. The new annual rate of $3.12 yields a high 6.2%. The stock trades at a reasonable 12.8 times the $3.92 per ADR that the company will likely earn for the fiscal year ending June 30, 2020. Buy. CANON INC. ADRs $27 (www.canon.com) is a leading maker of office equipment, mainly printers and copiers. Its other products…

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