McDonald's Shares Moving Up After Announcement of its Quarterly Cash Dividend
Shares of McDonald’s Corporation (NYSE:MCD) are going up in the regular trading session today following the company’s Board of Directors announcement that its stakeholders will get a quarterly cash dividend of $0.77 a share of common equity on December 17. This cash dividend is 10 percent higher as compared to McDonald’s prior quarterly dividend and it has brought dividend payment for the fourth quarter to about $770 million.
Chief Executive Officer at McDonalds, Don Thompson, stated that the announcement of cash dividend raise has brought the company’s 2012 anticipated total cash return to stakeholders to more than $5.5 billion via share repurchases and dividends.
Thompson further said that McDonald (NYSE:MCD) has promise to improve the experience of its customers from its menu and operations to its value and convenience. In a very short time McDonalds will become the first priority of people and the first place they want to eat and drink.
At the current trading session, McDonald’s Corporation (NYSE:MCD) shares gained +0.82% to $93.91 while The Stock traded within the range of $93.39 – $93.90. In the past year, the stock has traded within a range of $83.74 – $102.22. The current session’s volume of 5.05 million shares is down from the average daily trading volume of 4.85 million shares.
The Coca-Cola Company, Johnson & Johnson and Yum! Brands, Inc are also among the hot stocks which was viewed my traders against McDonald’s. lets have a brief look on there trading activity.
The Coca-Cola Company (NYSE:KO) shares are down -1.37% to $38.11 while the stock is traded within the range of $38.12 – $38.74 in the current trading session. In the last 12 months the shares have traded between $31.67 and $40.67. The current session’s volume of 25.09 million shares is higher than their average daily trading volume of 16.43 million shares.
Johnson & Johnson (NYSE:JNJ) shares in the current session moved up +0.52% reaching at $69.26. The stock traded in a range of $68.84 – $69.36. In the last year the stock has moved within a range of $60.83 – $69.75. The current session’s volume of 10.36 million shares is higher from their average daily trading volume of 9.78 million shares.
Another rival company Yum! Brands, Inc. (NYSE:YUM) trading up +0.87% to $68.78. Intraday trading recorded the stock price in a range of $68.56 to $69.21. In the previous 52 weeks the stock’s price ranged between $47.15 and $74.44. The current session’s volume of 2.77 million shares was down from their average daily trading volume of 3.19 million shares.