Finding a high-yielding dividend stock that sells on the cheap isn't that hard. There are plenty of high-yield stocks out there that sell for bargain-basement prices. The real challenge is finding a quality business with those credentials that can be held for a long time to let the wonders of reinvested dividends do their magic. When you add that little caveat, the list becomes much, much smaller.
Three companies that look to have the traits investors want in a cheap, high-yield dividend stock are General Motors (NYSE:GM), Terra Nitrogen Company (NYSE:TNH), and Alliance Resource Partners (NASDAQ:ARLP). Here's a quick breakdown as to why you may want to put these stocks on your radar.
Source: Motley Fool
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