Bob, I don't see the interest in F for a LTBH. I have an account that I manage that seems to have similiar goals that you have. They want dividend income and some possible upside share appreciation. MIR's preferred (MIR-pa)looks good to me as well as their bonds. ILD is a stock that trades for ILA's bonds. Selling at a good discount to face value. TE is a good utility stock with a nice dividend. It may be cut and that appears to be priced into the stock. The div cut in half would still be good.
DUK has a bond type stock, DUT.
F is selling for a 44% premium to book. Personally I think it would be overvalued at book in the current econmic environment. Many of the enrgy stocks above are selling below NAV. Just a thought.