McDonald's Corp (NYSE: MCD) has just declared an increase to its quarterly dividend, from $0.55 to $0.61 (an 11% increase), starting on December 15.
Well, it seems people keep gobbling up McFood and drinking McCoffee even during tough times. I know that I do, although I try to keep it to the occasional visit. I want to fatten my wallet, after all, not my waistline!
I hold shares of MCD in my RRSP account. Based on my cost of purchase, this new dividend brings my yield to a juicy 4.4% (as opposed to a 3.3% yield based on current price).