McDonald's (MCD) Dividend History & Yield
Dividend ChampionMcDonald's (MCD) has increased its dividend for 37 consecutive years and currently yields 2.59%. The most recent dividend was $1.8600/share on Mar 17, 2026, paid Quarterly.
MCD
Current Yield
2.59%
TTM Dividend/Share
$7.26
Payment Frequency
Quarterly
Payout Ratio
59.9%
Consecutive Growth Years
37 (Dividend Champion)
Div Growth (1Y CAGR)
5.75%
Div Growth (5Y CAGR)
7.30%
Div Growth (10Y CAGR)
7.62%
MCD: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
9.9%
FCF payout ratio
18.9%
Net debt / EBITDA
3.6x
Interest coverage
7.86x
ROIC (TTM)
18.6%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 59.9%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($10.07) covers dividend/share ($7.26).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
37 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 18.9%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.6x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.3%) exceeds EPS growth (-1.3%) — payout ratio expanding.
Per-payment dividend history
Ex-date Mar 3, 2026
- Payment date
- Mar 17, 2026
- Dividend
- $1.8600
- Adj. dividend
- $1.8600
Ex-date Dec 1, 2025
- Payment date
- Dec 15, 2025
- Dividend
- $1.8600
- Adj. dividend
- $1.8600
Ex-date Sep 2, 2025
- Payment date
- Sep 16, 2025
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
Ex-date Jun 2, 2025
- Payment date
- Jun 16, 2025
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
Ex-date Mar 3, 2025
- Payment date
- Mar 17, 2025
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
Ex-date Dec 2, 2024
- Payment date
- Dec 16, 2024
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
Ex-date Sep 3, 2024
- Payment date
- Sep 17, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
Ex-date Jun 3, 2024
- Payment date
- Jun 17, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
Ex-date Feb 29, 2024
- Payment date
- Mar 15, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
Ex-date Nov 30, 2023
- Payment date
- Dec 15, 2023
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
Ex-date Aug 31, 2023
- Payment date
- Sep 18, 2023
- Dividend
- $1.5200
- Adj. dividend
- $1.5200
Ex-date Jun 2, 2023
- Payment date
- Jun 20, 2023
- Dividend
- $1.5200
- Adj. dividend
- $1.5200
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Mar 3, 2026 | Mar 17, 2026 | $1.8600 | $1.8600 |
| Dec 1, 2025 | Dec 15, 2025 | $1.8600 | $1.8600 |
| Sep 2, 2025 | Sep 16, 2025 | $1.7700 | $1.7700 |
| Jun 2, 2025 | Jun 16, 2025 | $1.7700 | $1.7700 |
| Mar 3, 2025 | Mar 17, 2025 | $1.7700 | $1.7700 |
| Dec 2, 2024 | Dec 16, 2024 | $1.7700 | $1.7700 |
| Sep 3, 2024 | Sep 17, 2024 | $1.6700 | $1.6700 |
| Jun 3, 2024 | Jun 17, 2024 | $1.6700 | $1.6700 |
| Feb 29, 2024 | Mar 15, 2024 | $1.6700 | $1.6700 |
| Nov 30, 2023 | Dec 15, 2023 | $1.6700 | $1.6700 |
| Aug 31, 2023 | Sep 18, 2023 | $1.5200 | $1.5200 |
| Jun 2, 2023 | Jun 20, 2023 | $1.5200 | $1.5200 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
McDonald's has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 37 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $7.1700 | — | — |
| 2025 | $6.7800 | $7.1700 | +5.8% |
| 2024 | $6.2300 | $6.7800 | +8.8% |
| 2023 | $5.6600 | $6.2300 | +10.1% |
| 2022 | $5.2500 | $5.6600 | +7.8% |
| 2021 | $5.0400 | $5.2500 | +4.2% |
| 2020 | $4.7300 | $5.0400 | +6.6% |
| 2019 | $4.1900 | $4.7300 | +12.9% |
| 2018 | $3.8300 | $4.1900 | +9.4% |
| 2017 | $3.6100 | $3.8300 | +6.1% |
| 2016 | $3.4400 | $3.6100 | +4.9% |
| 2015 | $3.2800 | $3.4400 | +4.9% |
| 2014 | $3.1200 | $3.2800 | +5.1% |
| 2013 | $2.8700 | $3.1200 | +8.7% |
| 2012 | $2.5300 | $2.8700 | +13.4% |
| 2011 | $2.2600 | $2.5300 | +11.9% |
| 2010 | $2.0500 | $2.2600 | +10.2% |
| 2009 | $1.6250 | $2.0500 | +26.2% |
| 2008 | $1.5000 | $1.6250 | +8.3% |
| 2007 | $1.0000 | $1.5000 | +50.0% |
| 2006 | $0.6700 | $1.0000 | +49.3% |
| 2005 | $0.5500 | $0.6700 | +21.8% |
| 2004 | $0.4000 | $0.5500 | +37.5% |
| 2003 | $0.2350 | $0.4000 | +70.2% |
| 2002 | $0.2250 | $0.2350 | +4.4% |
| 2001 | $0.2150 | $0.2250 | +4.7% |
| 2000 | $0.1950 | $0.2150 | +10.3% |
| 1999 | $0.1762 | $0.1950 | +10.6% |
| 1998 | $0.1613 | $0.1762 | +9.3% |
| 1997 | $0.1463 | $0.1613 | +10.3% |
| 1996 | $0.1313 | $0.1463 | +11.4% |
| 1995 | $0.1167 | $0.1313 | +12.4% |
| 1994 | $0.1052 | $0.1167 | +10.9% |
| 1993 | $0.0988 | $0.1052 | +6.6% |
| 1992 | $0.0906 | $0.0988 | +9.0% |
| 1991 | $0.0830 | $0.0906 | +9.2% |
| 1990 | $0.0754 | $0.0830 | +10.1% |
| 1989 | $0.0856 | $0.0754 | -12.0% |
| 1988 | $0.0606 | $0.0856 | +41.3% |
| 1987 | $0.0492 | $0.0606 | +23.2% |
| 1986 | $0.0489 | $0.0492 | +0.6% |
| 1985 | $0.0421 | $0.0489 | +16.0% |
| 1984 | $0.0359 | $0.0421 | +17.3% |
| 1983 | $0.0291 | $0.0359 | +23.3% |
| 1982 | $0.0235 | $0.0291 | +24.2% |
| 1981 | $0.0183 | $0.0235 | +28.4% |
| 1980 | $0.0126 | $0.0183 | +45.1% |
| 1979 | $0.0079 | $0.0126 | +59.4% |
| 1978 | $0.0043 | $0.0079 | +82.8% |
| 1977 | — | $0.0043 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for McDonald's (MCD) from the consolidated cash flow statement, in USD as filed.
Latest period
$5.17B
YoY change
+5.0%
5Y CAGR
+6.4%
Peak year (2025)
$5.12B
Latest annual
$5.12B
Cash dividends paid over time for McDonald's (MCD)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for McDonald's (MCD)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $5.12B | +5.0% | +$245.00M | ||
| 2024 | $4.87B | +7.4% | +$337.20M | ||
| 2023 | $4.53B | +8.7% | +$364.60M | ||
| 2022 | $4.17B | +6.4% | +$249.60M | ||
| 2021 | $3.92B | +4.4% | +$165.70M | ||
| 2020 | $3.75B | +4.8% | +$171.00M | ||
| 2019 | $3.58B | +10.0% | +$326.00M | ||
| 2018 | $3.26B | +5.4% | +$166.70M | ||
| 2017 | $3.09B | +1.0% | +$31.00M | ||
| 2016 | $3.06B | -5.3% | -$172.10M | ||
| 2015 | $3.23B | +0.4% | +$14.20M | ||
| 2014 | $3.22B | +3.3% | +$101.50M | ||
| 2013 | $3.11B | +7.5% | +$218.00M | ||
| 2012 | $2.90B | +11.0% | +$286.90M | ||
| 2011 | $2.61B | +8.4% | +$201.60M | ||
| 2010 | $2.41B | +7.7% | +$172.60M | ||
| 2009 | $2.24B | +22.6% | +$412.10M | ||
| 2008 | $1.82B | +3.3% | +$57.80M | ||
| 2007 | $1.77B | +45.1% | +$549.10M | ||
| 2006 | $1.22B | +44.5% | +$374.50M | ||
| 2005 | $842.00M | +21.2% | +$147.00M | ||
| 2004 | $695.00M | +38.0% | +$191.50M | ||
| 2003 | $503.50M | +69.3% | +$206.10M | ||
| 2002 | $297.40M | +3.4% | +$9.70M | ||
| 2001 | $287.70M | +2.5% | +$7.00M | ||
| 2000 | $280.70M | +6.0% | +$16.00M | ||
| 1999 | $264.70M | +10.1% | +$24.20M | ||
| 1998 | $240.50M | -2.9% | -$7.20M | ||
| 1997 | $247.70M | +6.8% | +$15.70M | ||
| 1996 | $232.00M | +2.4% | +$5.50M | ||
| 1995 | $226.50M | +5.0% | +$10.80M | ||
| 1994 | $215.70M | +7.2% | +$14.50M | ||
| 1993 | $201.20M | +25.4% | +$40.70M | ||
| 1992 | $160.50M | +8.2% | +$12.20M | ||
| 1991 | $148.30M | +11.3% | +$15.00M | ||
| 1990 | $133.30M | +15.9% | +$18.30M | ||
| 1989 | $115.00M | — | — |
In 2025, McDonald's (MCD) dividends paid totalled $5.12B – grew 5.0% year-over-year.
McDonald's dividends paid compound annual growth for the 2020–2025 (5 years) window is +6.4%, sustaining 9 straight years of year-over-year growth.
The dataset's maximum dividends paid sits at $5.12B (2025); the minimum reading of $115.00M dates to 1989.
McDonald's (MCD) sits 3rd of 8 Consumer Cyclical peers we track on this metric, against a peer median of $2.24B.
McDonald's Dividends Paid 2025: $5.12B
McDonald's dividends paid in 2025 was $5.12B, grew 5.0% from 2024. This figure represents the highest annual value in the available history.
McDonald's Dividends Paid 2024: $4.87B
McDonald's dividends paid in 2024 was $4.87B, grew 7.4% from 2023.
McDonald's Dividends Paid 2023: $4.53B
McDonald's dividends paid in 2023 was $4.53B, grew 8.7% from 2022.
McDonald's Dividends Paid 2022: $4.17B
McDonald's dividends paid in 2022 was $4.17B, grew 6.4% from 2021.
McDonald's Dividends Paid 2021: $3.92B
McDonald's dividends paid in 2021 was $3.92B.
See more financial history for McDonald's (MCD).
Sector peers by dividends paid
Companies in the same sector as McDonald's, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Alibaba (BABA) | $29.31B | Consumer Cyclical |
| Home Depot (HD) | $9.15B | Consumer Cyclical |
| Starbucks (SBUX) | $2.77B | Consumer Cyclical |
| Lowe's Companies (LOW) | $2.64B | Consumer Cyclical |
| TJX Companies (TJX) | $1.84B | Consumer Cyclical |
| Amazon (AMZN) | $0 | Consumer Cyclical |
| Tesla (TSLA) | $0 | Consumer Cyclical |
| PDD Holdings (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
Does McDonald's pay dividends?
Yes, McDonald's (MCD) pays quarterly dividends of approximately $7.26 per share annually, yielding 2.59%.
What is McDonald's's dividend yield?
McDonald's (MCD) has a current dividend yield of 2.59%.
Is McDonald's's dividend safe?
McDonald's (MCD) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has McDonald's increased its dividend?
McDonald's (MCD) has 37 consecutive years of dividend increases.
What is McDonald's's dividend payout ratio?
McDonald's (MCD) has a dividend payout ratio of 59.9%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is McDonald's's dividends paid?
Latest reported dividends paid for McDonald's (MCD) is $5.17B (period ending March 31, 2026).
How has McDonald's dividends paid changed year-over-year?
McDonald's (MCD) dividends paid changed +5.0% year-over-year on the latest annual filing.
What is the long-term growth rate of McDonald's dividends paid?
McDonald's (MCD) dividends paid compound annual growth rate is +6.4% over the most recent 5 years available.
When did McDonald's dividends paid hit its highest annual value?
McDonald's dividends paid reached its highest annual value of $5.12B in 2025.
What was McDonald's dividends paid in 2024?
McDonald's (MCD) dividends paid in 2024 was $4.87B.
What was McDonald's dividends paid in 2025?
McDonald's (MCD) dividends paid in 2025 was $5.12B.
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