MCD - 1 Magnificent Dividend Stock You Can Own for Decades
2023-12-03 07:04:00 ET
Fads come and go in the fast-food world, but people always seem to return to McDonald's (NYSE: MCD) when hunger strikes. The chain has led the industry for decades, through several tough recessions and constant competitive challenges.
Yet there's more to this business than just rock-solid growth. Shareholders' returns are bolstered by high profit margins, ample cash flow, and a dividend that's been expanding for decades. Here's why those factors make the stock an ideal one to have in your portfolio for the long term.
One hallmark of a successful business is that it can gain market share in just about any selling environment. McDonald's latest earnings results show off this key ability.
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1 Magnificent Dividend Stock You Can Own for Decades