Many people have bank stock so that they get the dividend quarterly. They really don't care about Wall Street's price because they are more concerned about the dividend than the stock price. I know that doesn't give much comfort to the day traders. I know that the traders and brokers could care less about the people that depend on the dividends to supplement their income, but there is more to a stock then just Wall Streets Selling Price.
You are one savvy investor. Having your money in a stock that drops 20% in one week but (for the moment) still pays a 3.5% dividend is obviously a good way to supplement your income
If you want a dividend, buy a utility stock. They have much less volatility.