The ex-dividend date for McDonald's Corporation (NYSE:MCD) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $100.10 as of 9:30 a.m., the dividend yield is 2.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for McDonald's Corporation (NYSE: MCD) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 70 cents per share. At a price of $100.10 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for McDonald's has been 5.4 million shares per day over the past 30 days. McDonald's has a market cap of $101.04 billion and is part of the services sector and leisure industry. Shares are down 0% year to date as of the close of trading on Friday. McDonald's Corporation, together with its subsidiaries, operates as a foodservice retailer worldwide. It franchises and operates McDonald's restaurants that offer various food items, soft drinks, coffee, desserts, snacks, and other beverages, as well as full or limited breakfast menu. The company has a P/E ratio of 19.1, below the average leisure industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.
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 increase in net income. 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.