If you’re not holding at least some of your portfolio in international dividend stocks, you’re missing out.
Stocks (and funds) in some overseas markets pay higher dividends than US companies. The 60 biggest stocks on Canada’s Toronto Stock Exchange yield 2.5% right now, for example, compared to a 1.3% average yield for the S&P 500.
What’s more, plenty of US investors are (in many cases unintentionally) biased toward their home country, with more than three-quarters of their portfolios, on average, invested in the US, according to recent numbers from Franklin Templeton.
To a degree, that’s understandable—after all, America has the world’s biggest and most dynamic stock markets, boasting dominant big cap firms such as Pfizer (PFE), Ford Motor Co.… Read more