McDonald's Is Serving Up a Big Dividend Increase -- Barrons.com
McDonald's (MCD) has declared a quarterly dividend of $1.16 per share, up from $1.01. That dividend, announced Thursday by the global fast food firm's board, amounts to a 15% increase.
It marked the 42nd year in which McDonald's has had an annual dividend increase. McDonald's stock, which has returned only 3.6% in the past 12 months, yields 2.5%.
STORIES OF INTEREST
Grains Mixed After Thursday's Rally
Grain futures closed mixed after Thursday's rally as analysts and traders watch for signs that the trade skirmish between the U.S. and China is causing world demand to be diverted rather than erased.
Corn prices for December contracts rose 1.4% to $3.57 1/4 a bushel at the Chicago Board of Trade. November soybean contracts fell 0.4%, and December wheat contracts fell 0.4%.
Farm Income in Thailand Good for ThaiBev -- Market Talk
0511 GMT - With ThaiBev shares slumping 26% in Singapore this year, investors seem plenty concerned. But bull RHB points to improving farm income in Thailand and upcoming elections as factors set to boost demand. That includes rubber prices seen getting support from the government incentivizing growers to cut trees. It's also set a minimum-price mechanism for shrimps farmers and aided chicken exports to China. Amid all this, RHB expects alcohol consumption "to bottom out soon" in Thailand. (firstname.lastname@example.org; @journosaurabh)
More Cattle Placed On Feed Than Year Prior -- Market Talk
15:29 ET - The USDA says feedyard operators put 7% more cattle in their lots for fattening in August than the same time a year earlier. The agency says 2.07M head were placed on feed during the month, exceeding pre-report analyst expectations. Cattle on-feed totaled 11.1M head as of September 1, 6% above a year earlier, the highest September 1 inventory since the series began in 1996, the agency says. This figure was largely in line with expectations. Marketings of fed cattle during August totaled 1.98 million head, slightly above 2017 and in line with expectations. Cattle futures closed up 0.5% ahead of the report, while hog futures fell 1.5%. (email@example.com; @francescamarief)
Estimated U.S. Pork Packer Margin Index - Sep 21
Source: USDA, based on Wall Street Journal calculations
All figures are on a per-head basis.
Date Standard Margin Estimated margin
Operating Index at vertically -
Sep 21 +$ 32.68 +$ 34.62
Sep 20 +$ 35.56 +$ 35.40
Sep 19 +$ 36.38 +$ 32.02
* Based on Iowa State University's latest estimated cost of production.
A positive number indicates a processing margin above the cost of
production of the animals.
This report compares the USDA's latest beef carcass composite
values as a percentage of their respective year-ago prices.
For Today Choice 106.9
(Percent of Year-Ago) Select 103.2
USDA Boxed Beef, Pork Reports
Wholesale choice-grade beef prices Friday rose 28 cents per hundred pounds, to $204.80, according to the USDA. Select-grade prices fell 20 cents per hundred pounds, to $194.71. The total load count was 104. Wholesale pork prices fell 36 cents, to $77.84 a hundred pounds, based on Omaha, Neb., price quotes.