WIN has a payout ratio of 230%. that means zero growth and they must sell assets of the company to maintain the 10% dividend level. that means that the "dividend" is really no dividend at all but approximately 40% actual dividend and 60% of the investors original investment returned to him masquerading as a "dividend". other that that it looks like a really great stock.
WIN is right up there with CTL. the dividends are very risky. In this market you get what you pay for. Stick with the safe yields like T or VZ. This way you will never have to wake up to your stock being down 25% on a dividend cut like what happened to CTL last year.
They have been talking about a dividend cut on WIN for over a year now but, they still keep paying the same dividend and the price of the stock has appreciated too ! I guess it's a game of musical chairs !