Top International Dividend Achievers

International dividend-paying stocks often pay higher dividend yields than U.S.-domiciled companies. The PowerShares International Dividend Achievers™ Portfolio (Fund) (PID) is an exchange-traded fund (ETF) that pools stocks of international dividend-paying companies that have raised dividends for at least five consecutive years. The fund is based on the Mergent’s International Dividend Achievers™ Index (Index), which consists of 65 companies trading as American Depository Receipts (ADRs), Global Depositary Receipts, and non-U.S. common or ordinary stocks.

The fund has a dividend yield of 3.5%. Its dividends have increased at an average rate of 12.2% per year over the past five years, while its EPS growth averaged 4.4% over the same period. A little more than a fifth of the fund’s value is concentrated in the equities of utility companies. Most fund and index constituents may be viewed as good income investments. Here is a closer look at five major constituents of the noted fund and index that could be considered for dividend portfolios.

Source: Insider Monkey

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