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September 27, 2006

High Tech May Be Sexy But McDonald's Dividend Really Sizzles

posted by MR WAVETHEORY at 9/27/2006 05:23:00 AM
McDonald's Corp (NYSE MCD) Board of Directors today approved an increase of nearly 50% in the Company's dividend, raising the annual dividend from 67 cents to $1.00 per share, totaling about $1.2 billion. This dividend will be payable on December 1, 2006 to shareholders of record as of November 15, 2006.

That's $1.2 billion or $1 per share. McDonald's proves again that high tech companies may be sexy but the burger joints are the real cash cows! McDonald's is paying out roughly a 2.5% yield on its stock - not bad. I'm definitely lovin' it! The fact that old style burger joints can pay out that much cash shows that alot of high tech startups are just media hype. When will Yahoo! Inc or eBay Inc or Google pay out that much in dividends?

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