Yield does not seem to be a strong factor in XTXI pricing. If you look back at period of two years including 2006 and 2007, XTXI only paid divi of close to $1 per year. The average stock price during this two year period has been about $30. That is an annual yield of only about 3.3%.
So, back to my question, what is it about XTXI that gives it this type of valuation? XTEX paid a little over $2 per year over the same period and averaged a little over $35 per share over the time period yielding around 6%.
Obviously, there is a different valuation applied to both stocks based on past pricing. Of course, owning XTEX pays a much better distribution regardless of the differing valuation.