McDonald's, with shares near record high, pulls another big dividend from NZ unit

Fri, 19 Apr 2013

April 19 (BusinessDesk) - McDonald's Corp, which has seen its shares rise to a record high this month, pulled another large dividend out of New Zealand in 2012 as profit growth stalled at the local unit. McDonald’s Restaurants New Zealand, the local arm of world's largest fast food chain, paid a dividend of $32 million to its parent in 2012 following a 2011 payment of $154 million that it funded by taking on a loan. Before that it hadn’t paid a dividend since a 2006 payment of $227,000. Profit was $31.88 million for McDonald’s New Zealand in...

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