Cat:
Often the short-term trader's perspective is at odds with an investor's point of view. Your first four lines are said as an investor would likely think. Beyond that believe it or not, the price fluctuations to true dividend-growth investors whether up or down, don't mean much at all.
While you see BCE as being off $6 from its high, investors see it as being up 100% over the last decade not including all of those juicy and rising dividends they've received. And if BCE's share price were cut in half over the next few years (doubtful), a trader might see that as a disaster while an investor might very well not. 
I fully realize that you are a trader and view everything from that perspective. However most people making comments with regard to dividend investing are not traders and have a completely different point of view than you do.
Full disclosure: I do not own shares  of BCE.
SFI