NEW YORK (

TheStreet

) -- The ex-dividend date for

McDonald's Corporation

(NYSE:

MCD

) is tomorrow, May 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $90.35 as of 9:30 a.m. ET, the dividend yield is 3.1%.

The average volume for McDonald's has been 6.2 million shares per day over the past 30 days. McDonald's has a market cap of $92.53 billion and is part of the

services

sector and

leisure

industry. Shares are down 9.2% year to date as of the close of trading on Tuesday.

McDonald's Corporation, together with its subsidiaries, franchises and operates McDonald's restaurants primarily in the United States, Europe, the Asia Pacific, the Middle East, and Africa. The company has a P/E ratio of 17, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates McDonald's as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

McDonald's Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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