Nords
Agree with you - the media has 'rediscovered dividends' one more time, wall street is feeding the ducks, the market performance since yr 2000, the div tax cut - AND the plain old dividend availible on those companies I might want to add to the Norwegian widow's portfolio give your SWAG great credibility in today's environment. Just looking at my stuff(without a precise calc) puts 33X as a realistic no. if just taking div.'s.
Hence - I'm struggling, trying to be contrarion - looking hard at the div growth side of current div/div growth. Unfortunately div growth is the squishy no. of the two.
Gives me something to putz with - between cruising, watching football and picking a kayak for spring.
The next area - perhaps to dabble - is overseas div stocks. Still have Glaxo(Brit) and UBS(Swit.) Dummy me dumped my BP and took a profit.
At the young end of ER and if you planned to leave principle untouched - I'd be in screaming agreement with the 33X at a 30 or more year span.
Marked to market - current yield for me - a tad over 3% - close to your 33X no.
heh heh heh heh