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© Reuters. FILE PHOTO: The McDonald’s emblem is seen outdoors the fast-food chain McDonald’s in New York, U.S., October 22, 2019. REUTERS/Shannon Stapleton(Reuters) – McDonald’s Corp (NYSE:) mentioned on Thursday it could restart share buybacks and in addition elevated its quarterly dividend by 7%, because the world’s largest quick meals chain recovers from the affect of the COVID-19 pandemic.
McDonald’s had suspended its $15 billion buyback program early final yr because the burger chain seemed to preserve money to be able to navigate by means of the COVID-19 well being disaster that had pressured lots of its eating places to shut their doorways to diners.
However world gross sales are actually above pre-pandemic ranges, with the corporate elevating its steering for fiscal 2021 in July on the hope individuals will proceed to go out to eating places as economies reopen.
The burger chain declared a quarterly money dividend of $1.38 per share payable on December 15, taking its fourth-quarter dividend payout to over $1 billion.
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