With the market continuing to drop I added to another position yesterday by picking up 20 mores shares of MCD for $85.52 each. McDonald's reported it's first monthly same store sales decline in 9 years and promptly sold off about 2% on the day. McDonald's still has plenty of growth ahead and as far as I'm concerned this is just a bump in the road. Unfortunately I'm now out of capital for a little bit until I can get some money transferred over to my FI portfolio.
I now own 102 shares of McDonald's and got the chance to average down in the position by lowering my overall cost basis down another 0.53% to $87.83. My YOC for these shares is 3.58% and for the entire position it's 3.51%. The additional 20 share will provide $61.60 in annual dividends with $15.40 coming this year with the December payout.
My forward 12-month dividends for the FI portfolio now sits at $1,458.17 with a YOC of 2.94%. It's exciting to see the forward 12-month dividends approaching $1,500. I've made a lot more progress on this than I expected at the beginning of the year.