I read all your comments Ancient...and I know you are a die hard  dividend based investor :):)
Frankly its folks in your situation  that I worry about.
In your case it sounds like you started early enough, and have been doing well enough that you have a pretty good $$ cushion.
Well done.
But most folks may not have that much $$ cushion....and may have declining health etc.May not have a $900K house to sell,etc 
The 2009 meltdown bounced right back...true.
But in 2008/2009 we had (ongoing) falling interest rates,massive govt financial infusions,etc etc.
The Catou future  scenario of 5% rates will put BCE at $40....etc.Lower than that if rates keep rising.
If you can get (in 2019,lets say) 4.5% on a GoC bond what on earth would make investors hold BCE with a (?) 4.5% dividend ?
No...at $40 BCE will yield (?) 6%...and so be attractive once again.
ALL these dividend stocks might just as well be looked at as bonds.
What might trigger the "avalanche" I often refer to ?
Maybe a new tax ??