McDonald’s has reported a quarterly cash dividend of $1.52 per share of common stock, a whopping 10% increase over the previous quarter. The new dividend is equal to $6.08 annually and will be payable to shareholders by December 15 of this year.

The company attributes the rise to a sustained confidence in the brand’s Accelerating the Arch growth strategy, as well as the recognition of its commitment to long-term profitability.