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. To know more about International Dividend Achievers, please visit the site of Insider Monkey.
