McDonald’s Drops Stock Buybacks Amid Coronavirus Outbreak

By John F. Heerdink, Jr.

As per reports, McDonald’s Corporation (MCD) has suspended share buybacks to sail through the coronavirus crisis but its dividend policy has remained unchanged, stated Chief Executive Officer Chris Kempczinski to CNBC.

This year in January, McDonald’s declared a quarterly cash dividend of $1.25 per share of common stock payable on March 16. Due to the recent shutdowns of restaurants in the United States including restrictions in delivery and takeaway to control the spread of contagious COVD-19, McDonald’s has already moved to defer rent for its operators and shut all dine-in operations.

McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: McDonald's suspends buybacks, leaves dividend policy unchanged - CEO to CNBC in Reuters)


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