Woo hoo, got a raise today!
TMF is running a "10 Core Stocks for Your Portfolio" series which started last week and wraps up on Friday. I was fortunate enough to be one of the writers selected to contribute a pick and chose MCD. The track record of raising the dividend every year along with a reasonable payout ratio and earnings growth to support continuing the raises are key reasons for making MCD my choice for a core stock.
I didn't get the raise at work, but McDonald's tacked 11% to its dividend payout today. With the raise, the stock yield has bumped up to 3-1/4%. Mickey D's has been giving shareholders a raise every year since it first started paying a dividend in 1976.
Bravo Zulu to TMF's editor for getting the div hike rolled in to the article; it was submitted before the announcement.
What characteristics do you look for in a core holding and what's your best idea for a core stock holding?
Disclosure: Long MCD.