Since I like to think Long Term - I believe 8 is possible in two years if QE is relaxed or even discontinued. And, of course, I will collect the Dividends and reinvest them while waiting for 8 to come around. It is my fervent hope that the Sequestrian automatic across-the-board cuts take affect and Congress/White House are shocked into producing a balanced budget.
going to expand on hot.male,
If dividend stays .08 7.05 range, if also fed qualitative easing is removed, $7.25 to $7.50 because spreads should increase right? Better expected future dividends = higher price.