McDonald's Corporation (MCD) Dividend History
MCD next dividend
$1.93per share · +3.8% vs last
Ex-dividend dateDec 1Tuesday, 2026
Payment dateDec 15Tuesday, 2026
Ex-dividend in 44 days. Shareholders who own MCD before the ex-dividend date receive this payment.
- 17 yearsof dividend increases
- 1976paying since
- Quarterly4 payments a year
- +7.3%5-year growth a year
- 3.18%forward yield
MCD dividend income calculator
- Dividend income a year
- $772
- Each payment
- $193
- Value of the shares
- $24,297
- Dividend yield
- 3.18%
At the latest close; forward annual dividend $7.72 per share, before tax.
MCD dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
MCD dividend safety
Payout ratio (earnings)59.3%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)71.2%
Stretched · of fiscal 2025 free cash flow
Dividend growth (5 years)+7.3%
Growing · a year on average
Years of increases17
Long record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
MCD yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $308.09 | 2.51% | $7.44 | 2.4% |
| 3 years ago | $256.03 | 3.02% | $21.20 | 8.3% |
| 5 years ago | $242.26 | 3.19% | $32.80 | 13.5% |
| 10 years ago | $111.25 | 6.94% | $55.40 | 49.8% |
| 20 years ago | $41.47 | 18.62% | $81.75 | 197.1% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
MCD dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
MCD dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $7.17 | +5.8% | 2.35% | 4 |
| 2024 | $6.78 | +8.8% | 2.34% | 4 |
| 2023 | $6.23 | +10.1% | 2.10% | 4 |
| 2022 | $5.66 | +7.8% | 2.15% | 4 |
| 2021 | $5.25 | +4.2% | 1.96% | 4 |
| 2020 | $5.04 | +6.6% | 2.35% | 4 |
| 2019 | $4.73 | +12.9% | 2.39% | 4 |
| 2018 | $4.19 | +9.4% | 2.36% | 4 |
| 2017 | $3.83 | +6.1% | 2.23% | 4 |
| 2016 | $3.61 | +4.9% | 2.97% | 4 |
| 2015 | $3.44 | +4.9% | 2.91% | 4 |
| 2014 | $3.28 | +5.1% | 3.50% | 4 |
| 2013 | $3.12 | +8.7% | 3.22% | 4 |
| 2012 | $2.87 | +13.4% | 3.25% | 4 |
| 2011 | $2.53 | +11.9% | 2.52% | 4 |
| 2010 | $2.26 | +10.2% | 2.94% | 4 |
| 2009 | $2.05 | +26.2% | 3.28% | 4 |
| 2008 | $1.62 | — | 2.61% | 4 |
| 2007 | $1.50 | +50.0% | 2.55% | 1 |
| 2006 | $1.00 | — | 2.26% | 1 |
MCD dividend history
180 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-12-01 | 2026-12-15 | $1.93 | +3.8% | Quarterly |
| 2026-09-01 | 2026-09-16 | $1.86 | — | Quarterly |
| 2026-06-02 | 2026-06-16 | $1.86 | — | Quarterly |
| 2026-03-03 | 2026-03-17 | $1.86 | — | Quarterly |
| 2025-12-01 | 2025-12-15 | $1.86 | +5.1% | Quarterly |
| 2025-09-02 | 2025-09-16 | $1.77 | — | Quarterly |
| 2025-06-02 | 2025-06-16 | $1.77 | — | Quarterly |
| 2025-03-03 | 2025-03-17 | $1.77 | — | Quarterly |
| 2024-12-02 | 2024-12-16 | $1.77 | +6.0% | Quarterly |
| 2024-09-03 | 2024-09-17 | $1.67 | — | Quarterly |
| 2024-06-03 | 2024-06-17 | $1.67 | — | Quarterly |
| 2024-02-29 | 2024-03-15 | $1.67 | — | Quarterly |
| 2023-11-30 | 2023-12-15 | $1.67 | +9.9% | Quarterly |
| 2023-08-31 | 2023-09-18 | $1.52 | — | Quarterly |
| 2023-06-02 | 2023-06-20 | $1.52 | — | Quarterly |
| 2023-02-28 | 2023-03-15 | $1.52 | — | Quarterly |
Show all 180 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-11-30 | 2022-12-15 | $1.52 | +10.1% | Quarterly |
| 2022-08-31 | 2022-09-16 | $1.38 | — | Quarterly |
| 2022-06-03 | 2022-06-20 | $1.38 | — | Quarterly |
| 2022-02-28 | 2022-03-15 | $1.38 | — | Quarterly |
| 2021-11-30 | 2021-12-15 | $1.38 | +7.0% | Quarterly |
| 2021-08-31 | 2021-09-15 | $1.29 | — | Quarterly |
| 2021-05-28 | 2021-06-15 | $1.29 | — | Quarterly |
| 2021-02-26 | 2021-03-15 | $1.29 | — | Quarterly |
| 2020-11-30 | 2020-12-15 | $1.29 | +3.2% | Quarterly |
| 2020-08-31 | 2020-09-15 | $1.25 | — | Quarterly |
| 2020-05-29 | 2020-06-15 | $1.25 | — | Quarterly |
| 2020-02-28 | 2020-03-16 | $1.25 | — | Quarterly |
| 2019-11-29 | 2019-12-16 | $1.25 | +7.8% | Quarterly |
| 2019-08-30 | 2019-09-17 | $1.16 | — | Quarterly |
| 2019-05-31 | 2019-06-17 | $1.16 | — | Quarterly |
| 2019-02-28 | 2019-03-15 | $1.16 | — | Quarterly |
| 2018-11-30 | 2018-12-17 | $1.16 | +14.9% | Quarterly |
| 2018-08-31 | 2018-09-18 | $1.01 | — | Quarterly |
| 2018-06-01 | 2018-06-18 | $1.01 | — | Quarterly |
| 2018-02-28 | 2018-03-15 | $1.01 | — | Quarterly |
| 2017-11-30 | 2017-12-15 | $1.01 | +7.4% | Quarterly |
| 2017-08-30 | 2017-09-18 | $0.94 | — | Quarterly |
| 2017-06-01 | 2017-06-19 | $0.94 | — | Quarterly |
| 2017-02-27 | 2017-03-15 | $0.94 | — | Quarterly |
| 2016-11-29 | 2016-12-15 | $0.94 | +5.6% | Quarterly |
| 2016-08-30 | 2016-09-16 | $0.89 | — | Quarterly |
| 2016-06-02 | 2016-06-20 | $0.89 | — | Quarterly |
| 2016-02-26 | 2016-03-15 | $0.89 | — | Quarterly |
| 2015-11-27 | 2015-12-15 | $0.89 | +4.7% | Quarterly |
| 2015-08-28 | 2015-09-16 | $0.85 | — | Quarterly |
| 2015-05-28 | 2015-06-15 | $0.85 | — | Quarterly |
| 2015-02-26 | 2015-03-16 | $0.85 | — | Quarterly |
| 2014-11-26 | 2014-12-15 | $0.85 | +4.9% | Quarterly |
| 2014-08-28 | 2014-09-16 | $0.81 | — | Quarterly |
| 2014-05-29 | 2014-06-16 | $0.81 | — | Quarterly |
| 2014-02-27 | 2014-03-17 | $0.81 | — | Quarterly |
| 2013-11-27 | 2013-12-16 | $0.81 | +5.2% | Quarterly |
| 2013-08-29 | 2013-09-17 | $0.77 | — | Quarterly |
| 2013-05-30 | 2013-06-17 | $0.77 | — | Quarterly |
| 2013-02-27 | 2013-03-15 | $0.77 | — | Quarterly |
| 2012-11-29 | 2012-12-17 | $0.77 | +10.0% | Quarterly |
| 2012-08-30 | 2012-09-18 | $0.7 | — | Quarterly |
| 2012-05-31 | 2012-06-15 | $0.7 | — | Quarterly |
| 2012-02-28 | 2012-03-15 | $0.7 | — | Quarterly |
| 2011-11-29 | 2011-12-15 | $0.7 | +14.8% | Quarterly |
| 2011-08-30 | 2011-09-16 | $0.61 | — | Quarterly |
| 2011-05-27 | 2011-06-15 | $0.61 | — | Quarterly |
| 2011-02-25 | 2011-03-15 | $0.61 | — | Quarterly |
| 2010-11-29 | 2010-12-15 | $0.61 | +10.9% | Quarterly |
| 2010-08-30 | 2010-09-16 | $0.55 | — | Quarterly |
| 2010-05-27 | 2010-06-15 | $0.55 | — | Quarterly |
| 2010-02-25 | 2010-03-15 | $0.55 | — | Quarterly |
| 2009-11-27 | 2009-12-15 | $0.55 | +10.0% | Quarterly |
| 2009-08-28 | 2009-09-15 | $0.5 | — | Quarterly |
| 2009-06-04 | 2009-06-22 | $0.5 | — | Quarterly |
| 2009-02-26 | 2009-03-16 | $0.5 | — | Quarterly |
| 2008-11-26 | 2008-12-15 | $0.5 | +33.3% | Quarterly |
| 2008-08-28 | 2008-09-16 | $0.375 | — | Quarterly |
| 2008-06-05 | 2008-06-23 | $0.375 | — | Quarterly |
| 2008-02-28 | 2008-03-17 | $0.375 | −75.0% | Quarterly |
| 2007-11-13 | 2007-12-03 | $1.50 | +50.0% | Once a year |
| 2006-11-13 | 2006-12-01 | $1.00 | +49.3% | Once a year |
| 2005-11-10 | 2005-12-01 | $0.67 | +21.8% | Once a year |
| 2004-11-10 | 2004-12-01 | $0.55 | +37.5% | Once a year |
| 2003-11-12 | 2003-12-01 | $0.4 | +70.2% | Once a year |
| 2002-11-13 | 2002-12-02 | $0.235 | +4.4% | Once a year |
| 2001-11-13 | 2001-12-03 | $0.225 | +4.7% | Once a year |
| 2000-11-13 | 2000-12-01 | $0.215 | +338.8% | Once a year |
| 1999-11-29 | 1999-12-15 | $0.049 | — | Quarterly |
| 1999-08-30 | 1999-09-15 | $0.049 | — | Quarterly |
| 1999-05-27 | 1999-06-15 | $0.049 | — | Quarterly |
| 1999-03-11 | 1999-03-31 | $0.049 | +8.9% | Quarterly |
| 1998-11-25 | 1998-12-11 | $0.045 | — | Quarterly |
| 1998-08-27 | 1998-09-11 | $0.045 | — | Quarterly |
| 1998-05-28 | 1998-06-12 | $0.045 | +9.8% | Quarterly |
| 1998-02-25 | 1998-03-13 | $0.041 | — | Quarterly |
| 1997-11-26 | 1997-12-12 | $0.041 | — | Quarterly |
| 1997-08-27 | 1997-09-12 | $0.041 | — | Quarterly |
| 1997-05-29 | 1997-06-13 | $0.041 | +9.3% | Quarterly |
| 1997-02-26 | 1997-03-14 | $0.0375 | — | Quarterly |
| 1996-11-27 | 1996-12-13 | $0.0375 | — | Quarterly |
| 1996-08-28 | 1996-09-13 | $0.0375 | — | Quarterly |
| 1996-05-31 | 1996-06-14 | $0.0375 | +10.3% | Quarterly |
| 1996-02-27 | 1996-03-15 | $0.034 | — | Quarterly |
| 1995-11-28 | 1995-12-15 | $0.034 | — | Quarterly |
| 1995-08-29 | 1995-09-15 | $0.034 | — | Quarterly |
| 1995-05-30 | 1995-06-16 | $0.034 | +13.3% | Quarterly |
| 1995-02-22 | 1995-03-17 | $0.03 | — | Quarterly |
| 1994-11-23 | 1994-12-16 | $0.03 | — | Quarterly |
| 1994-08-25 | 1994-09-16 | $0.03 | — | Quarterly |
| 1994-06-01 | 1994-06-17 | $0.03 | +12.1% | Quarterly |
| 1994-02-22 | 1994-03-18 | $0.0267 | — | Quarterly |
| 1993-11-23 | 1993-12-17 | $0.0267 | — | Quarterly |
| 1993-08-25 | 1993-09-17 | $0.0267 | — | Quarterly |
| 1993-06-01 | 1993-06-18 | $0.0267 | +7.0% | Quarterly |
| 1993-02-23 | 1993-03-19 | $0.025 | — | Quarterly |
| 1992-11-23 | 1992-12-18 | $0.025 | — | Quarterly |
| 1992-08-25 | 1992-09-18 | $0.025 | — | Quarterly |
| 1992-05-27 | 1992-06-19 | $0.025 | +5.3% | Quarterly |
| 1992-02-25 | 1992-03-20 | $0.0238 | +3.3% | Quarterly |
| 1991-11-27 | 1991-12-18 | $0.023 | — | Quarterly |
| 1991-08-28 | 1991-09-18 | $0.023 | — | Quarterly |
| 1991-05-29 | 1991-06-18 | $0.023 | +8.2% | Quarterly |
| 1991-03-05 | 1991-03-21 | $0.0213 | — | Quarterly |
| 1990-11-26 | 1990-12-18 | $0.0213 | — | Quarterly |
| 1990-08-27 | 1990-09-18 | $0.0213 | — | Quarterly |
| 1990-05-30 | 1990-06-18 | $0.0213 | +10.4% | Quarterly |
| 1990-02-27 | 1990-03-19 | $0.0192 | — | Quarterly |
| 1989-11-24 | 1989-12-18 | $0.0192 | — | Quarterly |
| 1989-08-25 | 1989-09-18 | $0.0192 | −0.7% | Quarterly |
| 1989-05-24 | 1989-06-19 | $0.0194 | +10.7% | |
| 1989-02-22 | 1989-03-20 | $0.0175 | — | |
| 1988-12-21 | 1989-01-17 | $0.0175 | — | |
| 1988-11-23 | 1988-12-15 | $0.0175 | — | |
| 1988-08-22 | 1988-09-09 | $0.0175 | — | |
| 1988-05-24 | 1988-06-09 | $0.0175 | +11.5% | |
| 1988-01-19 | — | $0.0157 | +0.4% | |
| 1987-10-20 | 1987-11-06 | $0.0156 | — | |
| 1987-07-23 | 1987-08-07 | $0.0156 | +0.3% | |
| 1987-05-20 | 1987-06-05 | $0.0156 | +13.3% | |
| 1987-01-22 | 1987-02-06 | $0.0138 | — | |
| 1986-10-27 | 1986-11-06 | $0.0138 | — | |
| 1986-07-23 | 1986-08-07 | $0.0138 | — | |
| 1986-05-28 | — | $0.0138 | +10.0% | |
| 1986-01-22 | 1986-02-06 | $0.0125 | — | |
| 1985-10-22 | 1985-11-07 | $0.0125 | — | |
| 1985-07-23 | 1985-08-08 | $0.0125 | — | |
| 1985-05-31 | 1985-06-13 | $0.0125 | +9.7% | |
| 1985-01-22 | 1985-02-07 | $0.0114 | — | |
| 1984-10-23 | 1984-11-08 | $0.0114 | +6.1% | |
| 1984-07-24 | 1984-08-09 | $0.0107 | — | |
| 1984-05-23 | 1984-06-12 | $0.0107 | +16.0% | |
| 1984-01-24 | 1984-02-09 | $0.0093 | — | |
| 1983-10-25 | 1983-11-10 | $0.0093 | — | |
| 1983-07-15 | 1983-08-11 | $0.0093 | — | |
| 1983-05-24 | 1983-06-09 | $0.0093 | +13.6% | |
| 1983-01-24 | 1983-02-10 | $0.0081 | — | |
| 1982-10-15 | 1982-11-04 | $0.0081 | +10.0% | |
| 1982-07-20 | 1982-08-11 | $0.0074 | — | |
| 1982-05-24 | 1982-06-07 | $0.0074 | +20.1% | |
| 1982-02-05 | 1982-03-02 | $0.0062 | — | |
| 1981-10-27 | 1981-11-17 | $0.0062 | — | |
| 1981-07-28 | 1981-08-17 | $0.0062 | — | |
| 1981-05-13 | 1981-06-03 | $0.0062 | +24.9% | |
| 1981-02-24 | 1981-03-15 | $0.0049 | — | |
| 1980-10-27 | 1980-11-17 | $0.0049 | — | |
| 1980-07-24 | 1980-08-15 | $0.0049 | — | |
| 1980-06-05 | 1980-06-25 | $0.0049 | +42.8% | |
| 1980-02-25 | — | $0.0035 | — | |
| 1979-10-26 | — | $0.0035 | — | |
| 1979-07-26 | — | $0.0035 | — | |
| 1979-05-21 | — | $0.0035 | +55.9% | |
| 1979-02-14 | — | $0.0022 | — | |
| 1978-10-26 | — | $0.0022 | — | |
| 1978-07-19 | — | $0.0022 | — | |
| 1978-05-16 | — | $0.0022 | +79.0% | |
| 1978-02-14 | — | $0.0012 | — | |
| 1977-10-18 | — | $0.0012 | — | |
| 1977-07-19 | — | $0.0012 | — | |
| 1977-05-12 | — | $0.0012 | +100.0% | |
| 1977-02-14 | — | $0.0006 | — | |
| 1976-10-21 | — | $0.0006 | — | |
| 1976-07-16 | — | $0.0006 | — | |
| 1976-05-10 | — | $0.0006 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
MCD stock split history
- 2:1March 8, 1999
- 2:1June 27, 1994
- 2:1June 19, 1989
- 3:2June 23, 1987
- 3:2June 26, 1986
- 3:2September 25, 1984
- 3:2October 7, 1982
- 2:1June 6, 1972
- 3:2June 14, 1971
MCD dividend overview
McDonald's pays an annual dividend of $7.72 per share, a yield of 3.18% at the latest close, paid quarterly. It paid $7.17 per share in 2025, up 5.8% from 2024. It has raised its dividend for 17 consecutive years. Over five years the dividend grew 7.3% a year on average and over ten years 7.6% a year. The payout ratio is 59.3% of trailing earnings.
Related: MCD cash flow statement, MCD key metrics, MCD chart. See the MCD stock overview for the latest quote and news.
MCD dividends FAQ
Does McDonald's pay a dividend?
Yes. McDonald's has paid a regular dividend since 1976, quarterly, most recently $1.93 per share with an ex-dividend date of December 1, 2026.
What is McDonald's's dividend yield?
McDonald's's forward annual dividend is $7.72 per share, a dividend yield of 3.18% at the latest close of $242.97.
When is McDonald's's next dividend?
McDonald's's next dividend of $1.93 per share goes ex-dividend on December 1, 2026 and is paid on December 15, 2026. Shareholders who own the stock before the ex-dividend date receive it.
How often does McDonald's pay dividends?
McDonald's pays dividends quarterly.
How fast is McDonald's's dividend growing?
McDonald's's dividend per share grew from $5.04 in 2020 to $7.17 in 2025, 7.3% a year on average over five years; it has increased for 17 years in a row.
What is McDonald's's dividend payout ratio?
McDonald's pays out 59.3% of its trailing earnings as dividends and 71.2% of its free cash flow (fiscal 2025).
Has McDonald's split its stock?
McDonald's has split its stock 9 times: 2:1 on March 8, 1999, 2:1 on June 27, 1994, 2:1 on June 19, 1989, 3:2 on June 23, 1987, 3:2 on June 26, 1986, 3:2 on September 25, 1984, 3:2 on October 7, 1982, 2:1 on June 6, 1972, 3:2 on June 14, 1971. Dividends per share on this page are adjusted for splits.