McDonald's Increases Dividend by 10% for 47th Straight Year, Plans 1,900 New Restaurants in 2023

McDonald's (MCD) announced a 10% dividend increase to $1.67 per share, its 47th consecutive annual dividend hike.

The dividend hike reflects confidence in its growth strategy and commitment to shareholders.

MCD aims to return all free cash flow to shareholders through dividends and buybacks.

MCD plans to open over 1,900 new restaurants globally in 2023 to drive growth.

MCD stock is rated a Hold, but has gained 9% over the past year.