6.77 percent. Very attrafctive for a utility "holding company" I would add. Also if the price is adjusted for the "yield only" on a continuous basis then eventually you get paid back for the costs of the stock. However if you assume that paying the dividend takes the stock to zero without market forces adding to gains or losses then ignore the benefits of income and book value your fairly misinformed...
In persepecive let dividend remain constant and share price approach zero while a company is still gernerating income to meet overhead and dividend, At some point the yield is so attractive that stock is in high demand.So the impact of yield/price becomes self limiting.
I would be very happy with sustained long term income on investment of 6.77% in todays investing climate..
You seem to have a strange fascination with the fact that the share price drops by the same amount of the dividend payment each quarter, as if you aren't actually gaining anything. Company's pay out the dividend, and the value of the shares is instantly adjusted. According to your interpretation, eventually one's investment will be worth zero, as long as the company keeps paying dividends. Benjamin Graham and Warren Buffet made billions of dollars buying dividend stocks, I guess they started with more billions and worked their way backwards, right?
UBS analysts are so clever, they may have issued their sell recommendation at the exact bottom. I anticipate both natural gas and electric generation rates rising to the long term trend levels in the near future, which will have a beneficial influence on EXC.