MCD announced a cash dividend of 1.52 with an ex-date of Feb. 28, 2023
Investors are warming up to both McDonald's (NYSE: MCD) and Procter & Gamble (NYSE: PG) stocks right now. The two Dow giants outperformed the market in 2022 as Wall Street began to favor stability and dividend income as market volatility spiked. Let's compare the two blue chip companies, which recently announced updated earnings and sales trends through late 2022.
McDonald's (NYSE: MCD) stock beat the market in 2022 as the fast-food giant achieved solid sales and earnings growth. Is that discount enough to make McDonald's an attractive investment, given that other restaurant chains have seen bigger discounts during the recent market downturn? Comparable-store sales (comps) were up a blazing 12% in the fourth quarter, including a 10.3% increase in the core U.S. market.
McDonald's Corp. reported earnings late last month and the shares have weakened. Every time I go out on an errand I pass one or two local McDonald's. I do an unscientific channel check by looking at the number of vehicles in the parking lot and in the drive-up window. The On-Balance-Volume (OBV) line was stalled in November through January and looks like it has turned weaker in February.