McDonald's shares hit record high after dividend increase
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OAK BROOK, Ill. - McDonald's Corp. stock surged to a record high yesterday after the fast-food chain disclosed the largest dividend increase in its history and pledged to return more money to shareholders than Wall Street expected.
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Business & money: Fast food giant supersizes its dividend after reporting sales sizzling across the world.
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McDonald's Corp.  on Tuesday reported quarterly earnings that were in line with a higher-than-expected forecast the company gave last week, helped by strong sales in the United States and a tax benefit.
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Dean Foods Co.  on Friday declared a special dividend of $15 per share, or about $2 billion in total, sending shares of the company 9 percent higher in morning trading.
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Stocks extended gains on Thursday, pushing the Dow industrials up more than 1 percent, with support from a brokerage upgrade of General Motors Corp.  and McDonald's Corp.'s  dividend increase.
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Business & money: Â· Shares hit record high after Â£732m market raidÂ· Emirate royal family is now biggest shareholder
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Dean Foods Co.  on Friday  declared a special dividend of $15 per share, or about $2  billion in total, sending shares of the company 9 percent  higher in morning trading.
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Stocks closed higher on Thursday after a Wall Street analyst said brokerage shares were undervalued and McDonald's Corp. raised its annual dividend by 50 percent.
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Stocks edged higher at the opening on   Tuesday, helped by a stronger-than-expected rise in same-store   sales at McDonald's Corp. MCD.N and unexpectedly good results   from Goldman Sachs Group Inc. GS.N.
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THE share market reached a record high today, despite a negative lead from the US where markets fell overnight. At 1030 AEST, the benchmark S&amp;P/ASX 200 index was trading at 3595.
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Shares in takeover target National Foods have pushed further ahead on the Australian Stock Exchange. Yesterday, they surged more than 5 per cent higher to $6.25, after Philippine food and drink giant San Miguel
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McDonald&#39;s third-quarter earnings rose a higher-than-expected 42 percent, the world&#39;s largest restaurant chain says, citing strong sales in the United States and a lower tax rate.
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Tasty results for the burger specialist lead to new highs for its stock.
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US fastfood giant McDonald&#39;s says that sales at its three restaurants around Olympic venues in Greece have so far exceeded its expectations, according to CRIENGLISH.
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McDonald's Corp. yesterday reported another month of strong worldwide sales, sending its stock up modestly to its highest closing price in 2 years.
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McDonald's Corp. MCD.N on Tuesday  reported quarterly earnings that were in line with a  higher-than-expected forecast the company gave last week,  helped by strong sales in the United States and a tax benefit.
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McDonald's Corp.  third-quarter earnings rose a higher-than-expected 42 percent on a preliminary basis, the world's largest restaurant chain said on Wednesday, citing strong sales in the United States and a lower tax rate.