02-08-2016, 08:06 PM 
		
	
	
		Valuation matters, but it's up to you to decide what to use as the measurement.  I personally use a companies Average Yield (determined over a 10 yr to 15 yr period) and compare current yield to the average.  If it's close or higher than the average I consider adding to the position (at least I used to when I was accumulating).  I also used to compare current yield to my Average Yield of the stock.  Again the idea was to increase my average yield.
	
	
	
	
