McDonald's vs. Starbucks: Which Is the Better Dividend Play?
Both firms offer intriguing dividend opportunities, but Starbucks is likely to provide a choppier ride.
R.J. Hottovy: The restaurant industry has been going through a number of changes in the past several years, and it's not just things like delivery, mobile orders, and healthier menu options.
Over the past five years, franchise ownership in the quick-service restaurant space has increased from 80% to 96% as companies have sold locations of franchisees, taken on additional debt, and returned the proceeds to shareholders in the form of larger buyback programs and dividend hikes.
R.J. Hottovy does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.