Diversification is a cornerstone for most dividend investors as they try to take concentration risk out of their portfolios while ensuring a smooth stream of income. Likewise many businesses also try to build a significant amount of diversification into their operations with the intent of diversifying risk across multiple product lines and geographies. The problem is that diversification for diversification sake often results in your owning companies that may not align with your goals and work against the targets you set to achieve. When I looked to diversify my portfolio initially, I invested in companies