Investors have been wisely diversifying their portfolios to provide exposure to more than just U.S. stocks. Whether it's emerging markets, real estate or gold bullion, a broad-based approach provides for a better night's sleep.
Yet it's fair to ask: Do commodities also have a place in your portfolio? After all, they seem to rise and fall with alacrity, and investors often only notice them after they've made sharp gains or plunges. Truth is, we have no crystal ball that tells us how this group will fare in 2013. We can look at the supply and demand backdrop for various commodities, but much hinges on the health of global economies.
Yet if you look beyond 2013, then you can be assured that each commodity will have its day in the sun. The key to is to buy various commodities (or the stocks that represent them) when they are out of favor, but must also be nimble enough to sell them when they have posted major gains.
Here's what we do know: There are a number of dominant commodity producers currently sporting impressive dividend yields. And such high yields can support an underlying stock price if the going gets tough.
Here are 7 commodity-focused stocks with currently impressive dividend yields.