With the early morning market selloff today, I pulled the trigger and added to my position in McDonald's. I picked up 25 more shares for $88.35. At the current dividend payout of $2.80 per share annually, my YOC for this purchase is 3.16%. This purchase will add an extra $70 of income per year before dividend increases.
My YOC on my McDonald's position was 3.02% and my cost basis was $92.83 per share. After this purchase, my YOC is 3.13% and my cost basis is down to $89.60.
I probably jumped the gun a little bit on this purchase because if the markets continue to pullback there could be better buying opportunities. But I figured for a company as well run as McDonald's it was time to at least add to my position.