Read DiviMo's blog in RSS
July 20, 2011
Edited: July 20, 2011
Share ThisI purchased McDonalds (MCD) on May 2, 2011 at 78.93 per share. It closed yesterday at 86.21 per share. I wrote about MCD in my 'Daily Commentaries' on June 16 and June 17 as reference and still available for viewing.
I bought it as a core dividend stock play that was aggressive in increasing it's dividend yield rate. The annual dividend payment has increased by 26.50% per year since 2000. Last year, it increased it's dividend by 11%. I expect another double digit rate increase this year sometime in September.
However, could this established fast food company still be a growth stock?
It's earning and revenue continue to grow. It's share price has growth steadily for two years. Two years ago, on July 20, 2009 MCD closed at 58.28. On July 20, 2010 MCD closed at 78.93. Yesterday close was 86.21.
I continue to employ a dividend strategy for producing consistent gains in the stock market.
I rate MCD one of my top five holdings in my self-managed tax-deferred account which currently contains 16 different dividend securities plus a sundry of other type of plays.
Disclosure. Owned MCD since May, 2011 with no plans to buy additional or sell within the next 72 hours. The stock YUM is on our watchlist as a future Sell Put option play.
