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updated: 9/19/2013 7:16 AM

McDonald's raises its dividend by 5 percent

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  • Oak Brook-based McDonald's is raising its quarterly cash dividend by 5 percent, bringing its fourth-quarter payout to more than $800 million.

      Oak Brook-based McDonald's is raising its quarterly cash dividend by 5 percent, bringing its fourth-quarter payout to more than $800 million.
    File photo

 
Associated Press

Oak Brook-based McDonald's is raising its quarterly cash dividend by 5 percent, bringing its fourth-quarter payout to more than $800 million.

The world's largest hamburger chain says its quarterly dividend increases to 81 cents from 77 cents, for an annual total of $3.24 per share. It will make the next payout on Dec. 16 to shareholders of record at Dec. 2. McDonald's Corp. expects to return between $4.5 billion and $5 billion to its shareholders through dividends and stock repurchases in 2013.

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McDonald's has raised its dividend every year since making its first payout in 1976. In July, the Oakbrook, Ill., company reported a 4 percent rise in second-quarter profit but missed expectations and warned of a tough year ahead, given heightened competition and rough economic conditions around the world.

McDonald's shares rose 78 cents to close at $98.70.

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