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Markets have been dismal lately but it's reassuring to know there are still some stocks that are able to flourish in this bearish environment.

Here is a list of stocks from the TradingStockAlerts Free Stock Screener that are exhibiting strong bullish trends and offer a dividend yield over 2%.

Symbol Name Last Price Sector Industry
BFR BBVA Banco Frances S.A. $9.79 Finance Commercial Banks
BOBE Bob Evans Farms, Inc. $33.76 Consumer Services Restaurants
CATO Cato Corporation (The) $27.43 Consumer Services Clothing/Shoe/Accessory Stores
CHT Chunghwa Telecom Co Ltd $34.13 Public Utilities Telecommunications Equipment
ELRC Electro Rent Corporation $16.16 Technology Diversified Commercial Services
KOF Coca Cola Femsa S.A.B. de C.V. $87.57 Consumer Non-Durables Beverages (Production/Distribution)
TNH Terra Nitrogen Company, L.P. $122.75 Basic Industries Agricultural Chemicals


It's surprising to see a French bank on the list with all the fear surrounding European banks that might be exposed to Greek debt but with a 7.35% yield investors seem willing to risk catching a touch of the Greek contagion.

Another stock I'd like to call your attention to is Terra Nitrogen Company (TNH) which is providing a forward dividend yield of 14.6% while sporting a PE of less than 8. Indeed, fundamentals across the board look pretty good. This stock could well be worth a look.

Looking more modest but still showing very conservative and solidly positive fundamentals is Cato Corporation (CATO). It's hard to find much wrong with the numbers on this company and the dividend of 3.3% is still reasonably attractive.

These seven stocks are successfully bucking the stock market down-trend while offering nice dividends. Perhaps one of them is right for your portfolio.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 7 Dividend Stocks Bucking the Down-Trend