MCD - 3 Reasons to Buy McDonald's Like There's No Tomorrow
2023-12-06 08:15:00 ET
Few companies are as synonymous with their industry as McDonald's (NYSE: MCD) is with fast food. Since its founding decades ago, McDonald's has revolutionized fast food and helped make it what it is today. Its brand and iconic golden arches are recognized in most places of the world.
There is no doubt that McDonald's has been a timeless brand and remarkable business that has made many of its investors rich along the way, but that alone doesn't automatically make it a great investment going forward. However, these three reasons emphasize why investors should be buying McDonald's for the long haul.
McDonald's has been around for quite some time, so it's unreasonable to expect its stock price to skyrocket in a month or year. However, its dividend is a major attraction for investors. Its current quarterly dividend is $1.67 per share, with a trailing-12-month yield of just under 2.2%. It's far from the most lucrative dividend on the stock market, but it's reliable and headed in the right direction.
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3 Reasons to Buy McDonald's Like There's No Tomorrow