McDonald’s’s upcoming dividend is US$1.29 a share, following on from the last 12 months, when the company distributed a total of US$5.16 per share to shareholders. Last year’s total dividend payments show that McDonald’s has a trailing yield of 2.4% on the current share price of $212.24.Feb 21, 2021
They have to raise prices?
Do you have a problem with dividends?
I just saw a pic on Reddit - a sign taped to a Wendy’s drive-thru speaker “WE ALL QUIT! CLOSED!”
Made me think of all of these “just kids” wanting “pocket money” to work, so that’s why their jobs are only worth $7.25/hr. If stopped caring about their “pocket money” (I mean, they don’t need it to live, they’re just blowing it on AirPods) where would the fast food industry be? Right there, I think. With a sign taped to your drive-thru about how you’re closed.
I think the trend will continue regardless of whether or not people are still collecting PUA funds. The kids have moved on.
Can you explain this? I’m not very familiar with shareholding but it looks to me that you’re saying one share in McDonald’s Corp. is paying less in dividends now than it did in the last year. Then you ask why McDonalds would raise prices now.
The obvious answer would be to make the company at least as profitable for shareholders as it used to be.
~Max
Oh, that might just be something that someone posted intending to make it go viral, like I think a lot of those signs are.
Dividends are paid quarterly so it’s exactly the same. Companies very rarely lower their dividend, it’s an extreme move.
I see, thank you.
~Max
I didn’t have problems with dividends until my (ex) company announced $XX billion of cash to be set aside for dividend payouts about 2 months before forcing my coworkers to take some unpaid vacation because times were tough.
In something which matters to some in this thread, we actually did get over 1,000 new visitors to the Dope to visit the site and, hopefully, some registered:
Yes, and?
Corporations exist to benefit the shareholders, not the employees.
Which is why I feel comfortable telling shareholders to go fuck themselves, they can fucking well eat a $15-$20/hr minimum wage, and don’t think I’m going to give one fat fuck about how much it’s going to hurt their bottom line.
Voters don’t exist to benefit shareholders, so I’ll happily vote to make those bastards as poor as I like.
Here’s another announcement from Sheetz about a $2 raise:
So… [Warning: spoiler follows]
This poster is named after a fictional character in a novel where the essential plot point was business owners going on strike, largely because government regulations made it no longer worthwhile to work. His character was a dashing Argentinian, inheriting the worlds largest copper mines, who mysteriously went on strike and, (spoiler), his hissy fit growing so acute he blew up his father’s business in an attempt to prevent it from being nationalized (he succeeded), throwing thousands out of work and causing a worldwide copper shortage.
However, when faced with the prospect of the business employees doing the same, Mr D’Anconia’s namesake here apparently isn’t as consistent in the application of his principles, something the eternally rigid and correct John Galt would definitely frown upon.
A is A, @D_Anconia, existence exists, and if shareholders are happy while potential employees are refusing to even apply at their business, they are doing nothing but committing the cardinal sin of Objectivism: denying the reality of existence.
During the pandemic, yes. The way I see it, the people back at work in restaurants and grocery stores during the pandemic deserve extra support. So I have been tipping 10% to 20%. And delivery drivers are getting good tips from me because they don’t make much and the job can suck.
But during normal times, no. So I shouldn’t include tips I guess. But I didn’t include GST or PST, so maybe that’s a wash.
The biggest mistake I made is that I’m so used to skip the dishes that I too, the Wendy’s prices from their menu, forgetting that their delivery charge is probably baked into the price.
I’m actually going to stop at Wendy’s to pick up supper tonight. I will report back the exact cost of the bill.
If a worker’s productivity is worth $8/hr, and the law says they have to be paid $15, Then an employer who can automate for the equivalent of say, $12/hr will do so, but would still be better off with a lower cost employee. Or, if the small restaurants can’t automate (it’s very expensive in capital - one thing restaurants are notoriously short of), they’ll go out of business and we will get consolidation of large chains with industrial-style automated operations.
There is ONE CEO. McDonald’s has over 200,000 employees. McDonald’s CEO has a compensation of about $18 million per year. If you divided that up among all the employees, you could give them all a raise of $90/yr. For a full time employee, that’s a little less than 6 cents per hour.
We can argue that CEO compensation is out of whack, and there are some decent arguments for that, but you should be aware that even if you could get every CEO in America to work for free, it wouldn’t move the needle on employee compensation. CEO pay just isn’t much of a factor.
Wait; who gets to determine this value? The worker or the employer?
Then surely the CEOs can live without some of it? I mean, if it isn’t that much money that we’re talking about, they won’t miss it, right?
I’m sure Sam_Stone meant “worth $8/hr” to the employer.
~Max
Is it your belief that corporations exist for the benefit of workers?
I personally think damned near everyone would be working doing SOMETHING because people like to be busy and engaged. Scutwork that nobody likes needs to either be automated or paid commensurate with how much it sucks. Or maybe some nice person who has their needs met will find that their need to see the scutwork done is important enough to donate some time doing it. I mean, people voluntarily give up their weekends to clean up trash right now because they hate seeing trash so there’s no reason to assume they’d stop feeling that way just because their cash flow comes from somewhere different. As we speak, there is a shitload of work that needs doing but we as a society suffer from a surfeit of privatization so the only work that gets done is work that can be profitably mined for excess by an owner so work we all direly need to get accomplished is not getting done and it shows. Privatized profit with socialized costs is a shitty business model yet here we are.