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German Dividend Stocks

|Includes: AZSEY, BASFY, BAYRY, VAALCO Energy, Inc. (EGY), EONGY
I am a total returns investor but lately been focusing on dividends and a bit of dividend growth as well.  I guess I have been lurking in Investing for Income sections for too long now.  I decided to write a few Instablogs on foreign stocks since they are a bit less covered by the regular authors than the U.S. based companies.
The biggest issues with investing in foreign companies listed on the US stock exchanges are:
a) currency risk, 
b) irregular dividends and 
c) tax deducted by foreign govt on dividends
These aspects don't bother me at all since I am looking to invest for the next 5-20 years and I am still earning so don't need an income stream.  Also I buy all stocks in regular brokerage account so can claim tax credit for all foreign taxes paid.
Here are a few German picks (I plan to write more instablogs over the next few days with other countries and investing ideas).  The dividend yields are all approx.
1. Siemens (SI) - 3.4% The German counterpart of General Electric.  They had a few issues with US authorities about bribery/accounting etc but that is all past and they pushing big time to grow revenue in the US (though this goes a bit against my goal of finding foreign companies).  The dividend yield is great and they are well diversified.
2. BASF (OTCQX:BASFY) - 3.4%.  Another German mega-cap.  Chemical giant that gives a decent yield and is growing around the world.
3. Bayer (OTCPK:BAYRY) - 2.6%. Chemical giant with interest in pharma, crop science and material science.  That in itself is an amazing mix of businesses that are not unrelated.
4. E.On AG (OTCPK:EONGY) - 7%.  Electric utility that has fallen quite a bit given German government's decision to move away from nuclear power.  They haven't increased dividends over the last few years now and going forward it wouldn't surprise me if the dividend is cut by 10-15%.  But I am still a buyer.
5. Allianz (OTCQX:AZSEY) - 6.5%. Insurance giant that reduced dividend during the 2007 collapse but has since increased the dividends.

I am long Siemens, BASF, and E.On.  I have a limit buy order for Bayer.