Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

If you want high yields, then you need to look overseas.

If you want high yields, then you need  to look overseas. While U.S. S&P 500 pays a dividend yield of approximately 3%, the average stock in many foreign nations is now yielding two to three times that amount.

 

Australia happens to be one of the best-kept secrets when it comes to high dividend yields. Australia is an economic center for the Pacific Rim, particularly Southeast Asia -- one of the most vibrant and fastest-growing economic regions on Earth.  About 60% of Australia's exports go to Asia.

 

Australia is rich in natural resources -- including nickel, copper, and zinc, and agricultural commodities. When inflation picks up in the U.S., shares of companies that own or produce agricultural or industrial commodities could be among the world's top performers

 

Another plus: the Australian dollar has stronger fundamentals than the U.S. Dollar. The U.S. Dollar faces some mighty strong headwinds, mainly: the massive federal budget deficit. The Federal Reserve is printing money like it’s going out of style and there are fears of the dollar losing its reserve currency status. Given Australia’s strong natural-resource export economy, the Australian Dollar is sure to get stronger when commodities begin their next upward run.

 

Australian companies on average pay approximately double the dividend yield of comparable U.S. companies.  And remember, those are just the averages, weighted down by large numbers of stocks that don't yield a cent.  When you focus on Australian companies that DO pay a dividend, you quickly discover dozens of firms with juicy dividend yields.