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by jplewicke 4052 days ago
That chart understates the cumulative return of McDonalds by 20%, since it is just a graph of price appreciation and does not include the effect of reinvesting dividends. The proper cumulative return for McDonalds over that time period is actually 64.7%, assuming reinvestment of dividends.
1 comments

MCD only has a slightly higher dividend yield than SPY. His graph doesn't misrepresent MCD's relative performance.