McDonald's Announces Annual Dividend Increase
OAK BROOK, Ill.
Sep 12, 2000
Today, McDonald's Board of Directors raised the Company's annual common stock cash dividend to 21.5 cents per share, an increase of more than 10 percent from the 19.5 cents per share paid in 1999. This is the 26th dividend increase since McDonald's began paying dividends in 1976.
Jack M. Greenberg, Chairman and Chief Executive Officer said, "Our global business remains solid and growing. In the U.S., improvements in our business are beginning to show positive results in customer attitudes and food sales trends. Outside the U.S., we continue to build on our leading market position in virtually every country in which we do business. With an ongoing focus on running great restaurants, I am confident we will continue to drive our business forward. This confidence in our future is, in part, reflected in today's dividend increase."
This annual dividend will be payable on December 1, 2000 to all shareholders of record on November 15, 2000. McDonald's switched to an annual dividend cycle, from a quarterly one, this year.
McDonald's Corporation (NYSE: MCD) is the largest and best-known food service retailer with over 28,000 restaurants serving more than 43 million people a day in 119 countries.
SOURCE: McDonald's Corporation
Contact: Investors, Lisa Ciota, 630-623-5927, Media, Anna Rozenich,
630-623-7316, both of McDonald's Corporation