Is It Time to Buy the Golden Arches?
The world knows and loves McDonald's (NYSE: MCD), a point driven home by the following mind-blowing fact: Global recognition of McDonald's iconic Golden Arches was 88% while the Christian cross, the symbol of the world biggest religion, boasted a 54% global recognition rate.
McDonald's unparalleled brand awareness, and what that does for profitability, surely figured in the company's announcement last month of a 7% increase in its dividend. This marked the 45th consecutive annual dividend increase, placing McDonald's firmly among the Dividend Aristocrats, which is made up of the S&P 500 companies that have raised their payouts for at least 25 years straight.
This raises the question: Should dividend growth investors show McDonald's some love and buy its stock at current prices?
Source Fool.com
