Youre life expectancy is almost 20 years. At the current yield, you will quadruple your money just by collecting the div in that time span. It doesnt make sense for you to convert, but I wouldnt rule out buying it on a pullback.
Since Qualified Dividends are only taxed at 15%, I would not hesitate to have this in my regular brokerage account. I have it in my Regular brokerage account and one of my IRAs. It all depends on what money and types of investments you have across the board.