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The following five European stocks trading as ADRs in the US markets currently have dividend yields of more than 5%:

1. Company: Reed Elsevier NV (NYSE:ENL)
Sector: Printing & Publishing
Country: The Netherlands
Current Dividend Yield: 6.91%

2. Company: Magyar Telekom Nyrt (MTA)
Sector: Telecom Services
Country: Hungary
Current Dividend Yield: 10.61%

3. Company: Repsol YPF SA (REP)
Sector: Oil & Gas - Integrated
Country: Spain
Current Dividend Yield: 5.86%

4. Company: Mobil’nye Telesistemy OAO (NYSE:MBT)
Sector: Telecom Services
Country: Russia
Current Dividend Yield: 6.62%

5. Company: Veolia Environnement SA (NYSE:VE)
Sector: Utility Services
Country: France
Current Dividend Yield: 6.23%