It seems almost oxymoronic, but dividend-paying stocks are hot. Income-producing stocks dramatically outperformed non-dividend-payers in 2011's quality-conscious market environment, and dividend-focused ETFs and mutual funds have been gathering assets at a good clip.

'Dead Money At Best' Other posters were less sanguine about dividend-payers at current prices.

FredinWhiteRock wrote, "Good-value blue chip dividend paying stocks were in abundance three months ago. Today, they have appreciated 10 to 20% and look fairly valued to me. I don't see any capital upside now because there is no near-term growth in revenue and earnings. Most of these stocks look like dead money at best except for their dividends."

Duanej isn't unloading his dividend payers but has taken note of...