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McDonald's (MCD) Board of Directors on Wednesday declared a quarterly cash dividend of 94 cents per share of its common stock.

The dividend is payable on June 19 to shareholders of record at the close of business on June 5.

Shares of the American fast food chain were rising in extended-hours trading on Wednesday.

McDonald's CEO Steve Easterbrook is scheduled to participate in Bernstein's Strategic Decisions Conference on May 31.

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