RE:Wow!! Paying Well Over 8% DividendWell, I have 10,000 shares and I won't be selling a single one. I'm happy to clip the coupon each month, but the challenge here is where is the growth going to come from? A 7% yield implies a $13.37 SP and I think that would be the ceiling for fair value.
When the SP gets higher than that, the yield is in a zone with many other stocks that are bigger, some of which have better (or at least more visible) growth prospects.