McDonald's (MCD) Dividend History & Yield
McDonald's (MCD) has increased its dividend for 37 consecutive years and currently yields 2.36%. The most recent payment was $1.8600/share on Mar 3, 2026, paid Quarterly.
MCD
Current Yield
2.36%
TTM Dividend/Share
$7.26
Payment Frequency
Quarterly
Payout Ratio
59.7%
Consecutive Growth Years
37
Div Growth (1Y CAGR)
5.75%
Div Growth (5Y CAGR)
7.30%
Div Growth (10Y CAGR)
7.62%
Dividend Safety Score
5 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 59.7%, 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 grown over the past 5 years.
10+ years of consecutive growth
37 consecutive years of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Mar 3, 2026
- Payment date
- Mar 17, 2026
- Dividend
- $1.8600
- Adj. dividend
- $1.8600
- Yield (ex-date)
- 2.19%
Ex-date Dec 1, 2025
- Payment date
- Dec 15, 2025
- Dividend
- $1.8600
- Adj. dividend
- $1.8600
- Yield (ex-date)
- 2.36%
Ex-date Sep 2, 2025
- Payment date
- Sep 16, 2025
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
- Yield (ex-date)
- 2.24%
Ex-date Jun 2, 2025
- Payment date
- Jun 16, 2025
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
- Yield (ex-date)
- 2.23%
Ex-date Mar 3, 2025
- Payment date
- Mar 17, 2025
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
- Yield (ex-date)
- 2.26%
Ex-date Dec 2, 2024
- Payment date
- Dec 16, 2024
- Dividend
- $1.7700
- Adj. dividend
- $1.7700
- Yield (ex-date)
- 2.32%
Ex-date Sep 3, 2024
- Payment date
- Sep 17, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
- Yield (ex-date)
- 2.34%
Ex-date Jun 3, 2024
- Payment date
- Jun 17, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
- Yield (ex-date)
- 2.51%
Ex-date Feb 29, 2024
- Payment date
- Mar 15, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
- Yield (ex-date)
- 2.18%
Ex-date Nov 30, 2023
- Payment date
- Dec 15, 2023
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
- Yield (ex-date)
- 2.21%
Ex-date Aug 31, 2023
- Payment date
- Sep 18, 2023
- Dividend
- $1.5200
- Adj. dividend
- $1.5200
- Yield (ex-date)
- 2.16%
Ex-date Jun 2, 2023
- Payment date
- Jun 20, 2023
- Dividend
- $1.5200
- Adj. dividend
- $1.5200
- Yield (ex-date)
- 2.05%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Mar 3, 2026 | Mar 17, 2026 | $1.8600 | $1.8600 | 2.19% |
| Dec 1, 2025 | Dec 15, 2025 | $1.8600 | $1.8600 | 2.36% |
| Sep 2, 2025 | Sep 16, 2025 | $1.7700 | $1.7700 | 2.24% |
| Jun 2, 2025 | Jun 16, 2025 | $1.7700 | $1.7700 | 2.23% |
| Mar 3, 2025 | Mar 17, 2025 | $1.7700 | $1.7700 | 2.26% |
| Dec 2, 2024 | Dec 16, 2024 | $1.7700 | $1.7700 | 2.32% |
| Sep 3, 2024 | Sep 17, 2024 | $1.6700 | $1.6700 | 2.34% |
| Jun 3, 2024 | Jun 17, 2024 | $1.6700 | $1.6700 | 2.51% |
| Feb 29, 2024 | Mar 15, 2024 | $1.6700 | $1.6700 | 2.18% |
| Nov 30, 2023 | Dec 15, 2023 | $1.6700 | $1.6700 | 2.21% |
| Aug 31, 2023 | Sep 18, 2023 | $1.5200 | $1.5200 | 2.16% |
| Jun 2, 2023 | Jun 20, 2023 | $1.5200 | $1.5200 | 2.05% |
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.
Frequently asked questions
Does McDonald's pay dividends?
- Yes, McDonald's (MCD) pays quarterly dividends of approximately $7.26 per share annually, yielding 2.36%.
What is McDonald's's dividend yield?
- McDonald's (MCD) has a current dividend yield of 2.36%.
Is McDonald's's dividend safe?
- McDonald's (MCD) passes 5 out of 5 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 59.7%.