McDonald's (NYSE:MCD) is serving up another dividend. The company has declared its latest quarterly payout, which amounts to $0.77 per share. This will be paid on June 17 to shareholders of record as of June 3. That amount matches each of the firm's previous two distributions, the most recent of which was handed out in mid-March. Prior to that, it paid $0.70 per share.
McDonald's is, famously, a habitual dividend payer. In recent times, it has tended to lift its payout once every year. Over the past five years, its distribution has risen from $0.375 per share to the present level.
The current dividend annualizes to $3.08 per share, yielding just over 3% at the company's most recent closing stock price of $101.03.
Fool contributor Eric Volkman has no position in McDonald's. The Motley Fool recommends McDonald's. The Motley Fool owns shares of McDonald's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.