Better rethink your strategy, PPS will get to $8.00 end of this year or early next year. Read and study your stocks and you;ll see why. Dividend good for 3-5 more years. Anywhere from .08 to .12 a month. Good luck investing.
First, it is extremely unlikely to see that PPS, low 8's is a more conservative bet. There will probably be a few more SPO's along the way during this time which will keep the price down. The 4Q dividend has also been reduced so unless there is a substantial increase in earnings derived from the last SPO disclosed in the next financial statement, I would expect the dividend to stay at 9c through 1Q 2013 and possibly lower going forward unless the spreads widen considerably.
depending on where you bought in it's a wash . what you might loose on and dividend percentage decrease due to PPS increase . would be more than offset by the increase in the total your value of your position . In fact what you then due in put a trailing stop on part or all of your position so that when it pulls back as it will you reap the profit and look to buy in at a lower level . Heads you win Tails you win .