Today seemed like a good day to average down in my McDonald's (MCD) position as well. McDonald's also recently announced slightly disappointing earnings as revenue was up but profit numbers were down. I'm not worried about McDonald's long-term prospects, especially as a dividend growth stock. They recently increased the dividend by 10% starting with the next payment in December. October was a busy month with 7 purchases being made, 6 in the FI portfolio and 1 in the Roth IRA.
I purchased 25 more shares of MCD for a price of $86.51 per share. My cost basis for the McDonald's position was $88.94 before the purchase and now stands at $88.30. I was able to decrease my cost basis by 0.72% by averaging down. These shares have a YOC of 3.55% and increased the YOC for the total MCD position from 3.46% to 3.49%. My YOC for the entire FI portfolio increased from 2.84% to 2.87%. I'll be receiving an extra $77 in annual dividends including $19.25 this year with the December payout.
My forward 12-month dividends for the FI portfolio now stands at $1,309.69. I should be able to get my 2013 forward dividends over $1,500 by the end of the year since I still have just under $3,600 free to trade right now plus another $2,600 that will be purchasing ADM or becoming free in December and then any further additions. Unfortunately I already cash-flowed most of November's budgeted investment savings forward to my account earlier this month but I should be able to get another $3,000 or more from December.