McDonald's Has Raised Its Dividend Every Year Since 1976. Here Are 3 Reasons I'd Buy It and Never Sell.
The recent pullback makes the stock an attractive bargain, but that's just one reason to consider adding this income name to your portfolio.
Overview
Has your search for a new income-generating holding led you to McDonald's (NYSE: MCD) yet? Its forward-looking dividend yield of 2.9% is certainly respectable enough, although there's no denying you could find better.
Nevertheless, if your portfolio needs more reliable cash flow or if you're just looking for a bargain, stepping into a long-term position in this fast-food restaurant chain's stock while it's down 24% from its February peak could be a brilliant decision.
Details
Here are the three biggest reasons why.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.