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 162.0 points (-1.1%) at 15,247 as of Wednesday, May 29, 2013, 10:35 a.m. ET. During this time, 149.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 594.8 million. The NYSE advances/declines ratio sits at 513 issues advancing vs. 2,414 declining with 74 unchanged.
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Thursday, May 30, 2013 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 $99.47 as of 10:35 a.m. ET, the dividend yield is 3.1% compared to the average Dow component yield of 2.6%.

The average volume for McDonald's Corporation has been 4.8 million shares per day over the past 30 days. McDonald's Corporation has a market cap of $100.55 billion and is part of the services sector and leisure industry. Shares are up 13.7% year to date as of Tuesday's close.

McDonald's Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. Its restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company has a P/E ratio of 18.6, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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