McDonald’s raises quarterly dividend 10%, to $1.67 a share

McDonald’s
MCD,
+0.52%
raised it’s quarterly cash dividend to $1.67 a share from $1.52, representing a 10% increase.

The Chicago-based restaurant chain said the dividend will be payable Dec. 15 to stockholders of record as of Dec. 1.

The company said the dividend raise showed its confidence in its growth strategy and its focus on long-term profitable growth for shareholder. McDonald’s said it had raised its dividend for 47 consecutive years.