McDonald’s restarts share buybacks as business recovers from pandemic hit

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Reuters

(Reuters) – McDonald’s Corp said on Thursday it would restart share buybacks and also increased its quarterly dividend by 7%, as the world’s largest fast food chain recovers from the impact of the COVID-19 pandemic. McDonald’s had suspended its $15 billion buyback program early last year as the burger chain looked to conserve cash in order to navigate through the COVID-19 health crisis that had forced many of its restaurants to close their doors to diners. But global sales are now above pre-pandemic levels, with the company raising its guidance for fiscal 2021 in July on the hope people will c…

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