20 Foreign Dividend Stocks Paying Out More Than 5% Yields

Currently the S&P 500 has a dividend yield of about 2%. Investors looking for higher yields can invest in overseas companies which offer much higher yields. Generally utilities and financials tend to have higher payouts. Though most foreign firms pay dividends once or twice a year, the paid out dividends will be significantly higher. Due to tax implications it is advisable to hold high dividend-paying foreign stocks in a taxable account.

To get started, the table below lists 20 exchange-listed foreign stocks paying over 5% dividends:

S.No.	Name	Ticker	Dividend Yield as of April 8, 2011	Country	Sector
1	Alon Holdings Blue Square Israel Ltd	BSI	34.47%	Israel	Retail Grocery
2	Enersis S.A.	ENI	13.09%	Chile	Electric Utility
3	Partner Communications Company Ltd	PTNR	11.46%	Israel	Telecom
4	Himax Technologies, Inc.	HIMX	10.55%	Taiwan	Semiconductors
5	Banco Santander S.A.	STD	10.43%	Spain	Banking
6	AstraZeneca plc	AZN	7.67%	UK	Drugs
7	Formula Systems Ltd.	FORTY	7.54%	Israel	Software
8	Corpbanca	BCA	7.44%	Chile	Banking
9	Telecom Corp of New Zealand	NZT	6.99%	New Zealand	Telecom
10	Telefonica S.A.	TEF	6.83%	Spain	Telecom
11	France Telecom SA	FTE	6.71%	France	Telecom
12	Philippine Long Distance Telephone	PHI	6.58%	Philippines	Telecom
13	CPFL Energia S.A.	CPL	6.57%	Brazil	Electric Utility
14	Alto Palermo S.A.	APSA	6.52%	Argentina	Real Estate Operations
15	British American Tobacco	BTI	6.31%	UK	Tobacco
16	GlaxoSmithKline plc	GSK	6.17%	UK	Drugs
17	Nokia Corporation	NOK	6.05%	Finland	Telecom Hardware
18	Portugal Telecom	PT	5.89%	Portugal	Telecom
19	Fly Leasing Ltd	FLY	5.84%	Ireland	Rental & Leasing
20	Westpac Banking Corporation	WBK	5.72%	Australia	Banking

Note: The above list excludes companies from China and Canada.

Disclosure: Long BCA

Source: 20 Foreign Dividend Stocks Paying Out More Than 5% Yields