13 Highest Yielding Dividend Stocks in the Dow

9. McDonald’s Corporation (NYSE:MCD)

Dividend Yield as of January 16: 2.54%

McDonald’s Corporation (NYSE:MCD) is an American multinational fast food company. Many investors turned away from the company due to slowing comparable store sales and an E. coli outbreak in the US between September and October 2024. However, analysts suggest this downturn could be a prime buying opportunity. McDonald’s remains a dominant force in the fast-food industry, with over 40,000 locations across more than 100 countries. Known for its iconic menu, and its commitment to quality, convenience, and affordability, the company has firmly established itself as a household name. Its focus on innovation through digital ordering, delivery services, and sustainability efforts aligns with evolving consumer preferences, solidifying its leadership in the expanding fast-food market.

In the third quarter of 2024, McDonald’s Corporation (NYSE:MCD) reported $6.87 billion in revenue, marking a 3% rise from the same period the previous year. Over the past year, systemwide sales to loyalty members across around 50 loyalty markets exceeded $28 billion, with nearly $8 billion generated in the most recent quarter. These numbers indicate that the company remains steady and has the potential for further growth.

In addition, McDonald’s Corporation (NYSE:MCD) is also a strong dividend payer. In September 2024, the company announced its 48th consecutive annual dividend hike, which makes it one of the best dividend stocks. Its quarterly dividend comes in at $1.77 per share for a dividend yield of 2.54%, as of January 16.

As of the close of Q3 2024, 60 hedge funds tracked by Insider Monkey held stakes in McDonald’s Corporation (NYSE:MCD), down from 67 in the preceding quarter. These stakes have a consolidated value of over $2.3 billion. Among these hedge funds, Adage Capital Management was the company’s leading stakeholder in Q3.