McDonald's stock falls amid rising costs and dividend increase
MCD McDonald's Corp
$235.81 +0.07%
View chart & analysis → - 1McDonald's stock has recorded a decline of more than 23% this year.
- 2CEO Chris Kempczinski mentioned that beef costs have approximately doubled over five years.
- 3McDonald's increased its dividend earlier this year for the 50th consecutive year.
So what's the key point?
McDonald's stock price fell by more than 23% because beef prices rose significantly. However, it is notable that the company has continued to increase its dividends for 50 years.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.