RE:RE:RE:RE:Should be trading at least 70$ Happy to share my perspective, as this is one key area where Sarge and I differ but I'm not suggesting I'm right and he's wrong it's just a different philosophy.
1) yes, in general it is reasonable to expect if the share price rises, the dividend will follow, or in some cases, vice versa. Some are suggesting the price of CPX could almost double in the short term, because the business is undervalued. Let's assume they're right. I don't think that means the dividend doubles. It may indeed increase, but not double. That would mean the yield would go down. To be clear, if the dividend did double I wouldn't be going anywhere.
2) I don't care about my yield on cost. If I get a 5% yield on a $100 investment that's $5 in dividends. If the SP doubles, but the dividend doesn't, my yield drops to 2.5%, because I still only get $5. If I can find another stock with a current yield of 5% then I'd rather buy it and get $10 in dividends.
However, if my investment is not in a registered account then I will have to pay capital gains tax on the $100 ( about $25 ) when I sell my initial position. So, if my theoretical stock is not in my TFSA or my RSP it's a harder decision.
To me, it's a no-brainer for stocks in TFSAs or RSPs, sell to get the higher yield. I want to make all my money work for me, not just my initial investment.
I am still in the mode of diversifying so I'm doing a fair bit of trading anyway to add new stocks and rebalance my portfolio regularly. I have a triple and a six bagger from the Venture exchange that sooner or later I will need to replace with solid dividend payers. In both cases I'll have to deal with some capital gains unfortunately.