McDonald's Board of Directors declared a quarterly cash dividend of $1.86 per share of common stock payable on December 15, 2025 to shareholders of record at the close of business on December 1, 2025. The 5% increase over the Company's previous quarterly dividend reflects continued confidence in the Accelerating the Arches growth strategy and our ability to drive long-term profitable growth for all stakeholders.
McDonald's has a strong history of returning capital to its shareholders and has raised its dividend for 49 consecutive years since paying its first dividend in 1976. The new quarterly dividend of $1.86 per share is equivalent to $7.44 annually. The Company is committed to its capital allocation philosophy of (i) investing in opportunities to grow the business and drive strong returns, (ii) prioritize our dividend, and (iii) repurchase shares with remaining free cash flow.