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With the third quarter over, I wanted to identify some foreign large cap ADRs that paid dividends of over 5%. So I ran the stock screener with the following criteria:

1. Stocks must trade on the NYSE
2. Market cap. must be >= $5B
3. Must have dividend yields of 5% or more

The search resulted in 21 ADR stocks that are listed below:

S. No. Name Ticker Dividend Yield as of Oct 1, 2010 Market Capitalization
1 Banco Santander, S.A. STD 5.6% $103.5B
2 BT Group plc BT 6.4% $17.5B
3 Chunghwa Telecom Co., Ltd CHT 5.7% $21.8B
4 Companhia Energetica Minas Gerais CIG 5.1% $11.4B
5 Companhia Siderurgica Nacional SID 6.5% $26.9B
6 CPFL Energia S.A. CPL 6.6% $11.5B
7 Eni S.p.A. E 6.2% $88.2B
8 France Telecom SA FTE 7.1% $58.0B
9 Mizuho Financial Group, Inc. MFG 6.0% $22.2B
10 Mobile TeleSystems OJSC MBT 6.2% $20.7B
11 National Grid plc NGG 8.3% $30.2B
12 Philippine Long Distance Telephone PHI 5.9% $11.2B
13 Portugal Telecom, SGPS PT 5.3% $11.7B
14 Royal Dutch Shell plc RDS.A 5.6% $192.8B
15 Tele Norte Leste Participacoes SA TNE 17.0% $5.5B
16 Telecomunicacoes de Sao Paulo SA TSP 6.7% $12.4B
17 Telefonica S.A. TEF 6.6% $113.1B
18 Telefonos de Mexico S.A. TMX 5.3% $13.8B
19 TOTAL S.A. TOT 5.4% $117.7B
20 Veolia Environnement VE 5.5% $12.8B
21 YPF SA YPF 7.3% $15.4B

The only financials in this list are Banco Santander (STD) of Spain and Mizuho Financial Group (NYSE:MFG) of Japan. Santander’s recent acquisitions should help the bank increase its earnings in the long run. This year the banking giant has acquired a 24.9% stake in Grupo Financiero Santander(Mexico), bought the German retail network of Sweden’s Skandinaviska Enskilda Banken, bought 318 U.K. branches from Royal Bank of Scotland and picked up Allied Irish Banks’s (AIB) 70% stake in Poland’s Bank Zachodni WBK.

The three electric utilities Companhia Energetica Minas Gerais (NYSE:CIG), Companhia Siderurgica Nacional (NYSE:SID) and CPFL Energia S.A.(NYSE:CPL) can offer exposure to the utility sector of the hot emerging market of Brazil. Ten of the ADRs noted above are in the telecom sector. Spanish telcom company Telefonica (NYSE:TEF) has a strong presence in Latin America. Mobile TeleSystems OJSC (NYSE:MTS) is a telecom services provider in Russia, Ukraine, Uzbekistan, Turkmenistan and Armenia with a subscriber base of about 98 million at the end of last year.

Disclosure: None

Source: 21 Foreign Stocks Yielding More Than 5% Dividends