3 Dividend Stocks to Diversify Your Portfolio
Published Wed, 20 Jul 2011 on The Motley Fool

Ah, the sweet smell of ... fertilizer?Terra Nitrogen (NYSE: TNH) , a producer and distributor of nitrogen fertilizer products, had a rough year in 2009 when it saw its net income drop by nearly two-thirds to just $144 million. But 2010 proved to be a much better year, and 2011 is starting off on the right foot as well. Over the past 12 months, net income has doubled from 2009 levels, and free cash flow has improved even more, coming in at $309 million. Meanwhile, the company has no debt. And the icing on this cake? Terra Nitrogen's P/E is around 10, which is less than half the overall industry average. Even though Terra Nitrogen's current dividend yield of 13% may not stay quite that high, its five-year average dividend yield of more than 8% is something every dividend investor can appreciate.... Read more