The div has dropped to 17.20% and could go even lower after the payout. This does seem to be a good stable company, but that cliff is still looming in the foreground.
I like this stock and plan to buy, but I'm waiting until the first of the new year to see what happens. Don't forget the cliff is still ahead of us, and this stock or div can drop even further, making it more profitable to get in at the lower rate.
There is also something else to keep in mind. The new rule is, if you buy and sell a stock within a year, you will pay 20% on your div, instead of 5%, plus another 3% Obama is adding on to pay for Obamacare.
I plan to be very careful and selective with my purchases in 2013, to keep taxes as low as possible. Whatever I buy, I know I will have to hold for the year. Consider this if you haven't already.