I couldn’t resist those delicious Big Mac’s! McDonald’s is 14% off of its high and only $4 off of its 1-year low set last fall. I bought 22 shares this morning @ $87.80/share.
This is my first purchase of MCD and I’m sure it won’t be the last. MCD is currently yielding 3.2% and is due for a dividend increase for the December payment. If they increase the dividend by the same amount as last year, .09, I will have a YOC of 3.6%. Since the Ex-Diviend date is 08/30, I will also be receiving the September dividend payment.
McDonald’s is a company I believe will still be here in 30 years and I can rest well at night holding their shares. They are also a Dividend Champion, having raised their dividend each year for 35 consecutive years.