Income hungry investors are often continually on the lookout for high-yielding dividend stocks for their portfolios. Despite high profiles and mentions in the Wall Street Journal or Forbes, international stocks are often overlooked. One reason is that a significant number of well-known companies trade their American depositary receipts (ADRs) on the over-the-counter pink sheet (OTCPNK) listings.
The pink sheets developed a negative connotation due to penny stock abuses, such as those committed by Stratton Oakmont and depicted in the Martin Scorsese film, The Wolf of Wall Street. However, the OTC markets are a less expensive way for a multinational company to offer its stock to the U.S. capital markets without the excessive costs of a NASDAQ or NYSE listing.
Nevertheless, investors looking for high dividends with familiar name companies do themselves a disservice by dismissing an opportunity solely because of a Pink Sheet listing. The following 8 stocks are internationally known as leaders in their respective industrial sectors and well worth the consideration for a portfolio, bearing in mind the tax particulars when handling ADR dividends.
This post originally appeared at 24/7 Wall St.