McDonald’s is approaching a major milestone for income-focused investors, with the fast-food giant just one annual dividend increase away from joining the elite group of companies known as Dividend Kings, according to a recent report published by Yahoo Finance.
The company has increased its dividend for 49 consecutive years. A further increase would give McDonald’s 50 straight years of dividend growth, placing it among companies with one of the longest records of returning growing income to shareholders. Yahoo Finance highlighted the milestone in its latest analysis of the stock.
