Sold FTR at $8.00. Cashing out in the rally

Taking profits and accumulated dividends off the table. FTR cut their dividend because of picking up accounts from Verizon, so it's dropped below my 10% cut off for dividend stocks. My initial entry was around $7.50 about a year ago.

Rule 1 of income investing. Pick stocks with dividends over 10%.

Rule 2 of income investing. Get out with any profits if the dividend is cut. The stock price will probably follow the dividend cut.