I bought 15 shares of McDonald's (MCD) today at $86.40 + commissions. This comes out to a yield of 3.22% which is quite attractive. Obviously the stock market has taken a major hit lately. I don't know what will happen, but my gut feeling is that it will continue to decline. There are a lot of negatives going on right now and many investors are getting out. I do not see this getting as ugly as 2008 which was a consequence of stupid bank practices and the housing bubble.
I will continue adding to my positions, but I think I might wait a week or two for the the next purchase. There are A LOT of dividend growth stocks trading at reasonable prices at the moment. Take your pick, there is a good menu to choose from. Telecoms and utilities are still propped up in price, I will avoid those for now.