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A couple weeks ago, one of the hottest IPOs in a long time took place. SodaStream International Ltd. (NASDAQ:SODA), an Israeli company, went public, selling 6,250,000 shares at $20 per share. SodaStream manufactures and markets home beverage carbonation systems, which can turn tap water into sparkling water and soda in just a few seconds. The product is available for purchase at Bed Bath & Beyond (NASDAQ:BBBY), Macy's (NYSE:M), Sears (NASDAQ:SHLD), Williams-Sonoma (NYSE:WSM), and numerous other retailers.

On the day the stock went public, it started trading at 24.12 per share and kept rising during the day, closing at 30. Within a couple days, it jumped to 34.88. It has since sold off.

This stock may be a little rich for your blood, so if you are interested in Israeli companies, there are several that pay dividends. The payouts can help reduce volatility and speed up your return of capital. According to, there are more than half a dozen Israeli companies with high yields ranging from 1.4% to 9.7%.

Elbit Systems Ltd. (NASDAQ:ESLT), a manufacturer of defense systems and products, pays dividends quarterly and yields 2.4%. The company has been paying dividends since 1997. The stock trades at ten times forward earnings and sports a price earnings growth ratio of 1.08.

Cellcom Israel Ltd. (NYSE:CEL) is a cellular communications provider in Israeli that yields 9.7%, with dividends having been paid payable quarterly since 2007. The stock has a price to earnings ratio of 10 and a PEG ratio of 1.12.

Teva Pharmaceutical Industries Ltd. (NYSE:TEVA), a developer and producer of generic and branded pharmaceuticals, has been paying quarterly dividends since 1997 and yields 1.4%. It trades at ten times forward earnings and carries a PEG of 0.79.

The dividend paying stocks from Israel that trade in the United States can be found in an Excel list at, which is available for download, sorting, and updating.

Author owns SODA.