I own several high dividend stocks which have appreciated significantly. Bought them long for the dividend income to supplement my pension income. One, for instance, is PAA which pays $2.52 (4.5%). This stock has appreciated more than 10k. So my quandary is whether to sell a few hundred shares to take some profit off the table, in which case I would be giving up approx. $500.00 per year in dividends, or stay with it and enjoy the extra $500.00, realizing that the stock price may very well decrease (in the short term at least).

Would appreciate any advice.