[sershe]

I may not be the best source on yield vs history, cause I learned about it by looking at stocks I bought that did not pan out. But yeah basically for a company with stable, decade(s) long payout, if yield looks low vs the long-term, the price may be too high. Of course, it can depend on future prospects, market conditions, etc. But in general all other things being equal it seems to hold for boring stocks.