McDonald's ( MCD) raised its quarterly dividend by 10%. The fast-food chain bumped the quarterly payout to 77 cents a share. The forward annual dividend of $3.08 per share implies a yield of 3.3%.
Apple's ( AAPL) iPhone 5 went on sale across the globe Friday amid strong demand for the new device. Shares of the tech giant hit a new high of $703.99 earlier this week. Apple announced on Monday it had received 2 million pre-orders in the first 24 hours of the iPhone 5's availability. Apple Maps: An iOS 6 Letdown (Update 2)
Darden Restaurants ( DRI) is expected by analysts Friday to post fiscal first-quarter earnings of 84 cents a share for the three months ended in August on revenue of $2.03 billion. Darden is the operator of the Red Lobster and Olive Garden restaurant chains.
Other companies reporting earnings Friday include KB Home ( KBH) and Park Electrochemical ( PKE). 5 Stocks Under $10 Set to Soar
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel