McDonald's Corp will not spin off its properties into a real estate investment trust , Chief Executive Steve Easterbrook said at the company's investor meeting on Tuesday.<br />The company also raised its quarterly dividend to 89 cents per share from 85 cents as part of a broader move to return more cash to its shareholders.<br />After significant deliberation, the company determined that a REIT was not the best interest of shareholders.<br />The potential upside was not compelling and the risks were too great, Easterbrook said.<br />Larry Robbins, chief executive officer of Glenview Capital Management which owns shares of the company, had lobbied for the REIT, saying it could unlock more than $20 billion in value.
