Dow Component McDonald's Corporation (MCD) To Go Ex-dividend Tomorrow

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average (^DJI) is trading down 15.0 points (-0.1%) at 12,863 as of Wednesday, Nov 28, 2012, 10:35 a.m. ET. During this time, 152 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 629.2 million. The NYSE advances/declines ratio sits at 1,148 issues advancing vs. 1,662 declining with 139 unchanged.

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Thursday, November 29, 2012 is the ex-dividend date for Dow component McDonald's Corporation (NYSE:MCD). Owners of shares as of market close today will be eligible for a dividend of 77 cents per share. At a price of $85.86 as of 10:35 a.m. ET, the dividend yield is 3.6% compared to the average Dow component yield of 2.9%.

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The average volume for McDonald's Corporation has been six million shares per day over the past 30 days. McDonald's Corporation has a market cap of $86.58 billion and is part of the services sector and leisure industry. Shares are down 14.4% year to date as of Tuesday's close.

McDonald's Corporation franchises and operates McDonald's restaurants in the global restaurant industry. Its restaurants offer various food items, soft drinks, coffee, and other beverages. The company operates approximately 34,000 restaurants in 120 countries around the world. The company has a P/E ratio of 16.2, equal to the average leisure industry P/E ratio.

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TheStreet Ratings rates McDonald's Corporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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