3 Diversify Your Portfolio with Foreign Dividend Stocks Yielding Over 5%

You may wish to invest in foreign companies if you're anxious about the U.S. economy or want to diversify your portfolio. Some of those stocks have high yields. For your portfolio, consider Orange (NYSE: ORAN), Enbridge (NYSE: ENB), and Ambev S.A. (NYSE: ABEV), three international dividend stocks that pay more than 5%. Here's how much each stock yields and why they're good investments.

Orange: 6.5% French telecom carrier Orange is popular in Europe, Africa, and the Middle East. With approximately 300 million subscribers, the corporation operates in 26 countries.

Orange reported 44.1 million euros in sales last year, up 2%. Management reported that it had met all of its financial goals for the year as operating income rose approximately 7%. Orange has reduced its portfolio and merged some activities to boost its bottom line, which has paid off.

The company distributes a euro dividend, therefore investors may notice volatility. You'll still receive good value with a 6.5% dividend yield, much over the S&P 500 average of 1.4%. This stock is cheap at less than 10 times estimated future earnings.

Enbridge: 7.8% The Canadian pipeline corporation Enbridge links oil and gas infrastructure. It claims to operate "the world's longest and most complex crude oil and liquids transportation system," linking Canadian and American producers. The Mainline and Express networks transport roughly 3 million barrels of crude oil and liquids daily.

Due to its long-term contracts, Enbridge provides investors with stability. The corporation reported good financial results in 2023, meeting its expectations for the 18th year. Adjusted earnings were 5.7 billion Canadian dollars, unchanged from a year earlier, while distributable cash flow, which the business uses to calculate dividend payments, rose by CA$0.3 billion to CA$11.3 billion.

Oil and gas stocks have fallen, but Enbridge is a solid bet. This company pays 7.8% dividends, giving investors recurrent income.

Ambev: 5.9% Last on my list is Brazilian-based Ambev, another great income investment. The beverage corporation is in 18 countries, including Argentina, Paraguay, Uruguay, and multiple Caribbean nations. North Americans know Corona, Stella Artois, and Budweiser from Ambev, which Anheuser Busch-InBev owns 62% of. In Brazil and other Latin American countries, Ambev bottles, sells, and distributes PepsiCo goods

Ambev's net revenue climbed 5% to slightly under 60 billion Brazilian reais ($12 billion) in the first nine months of 2023. Ambev's profit grew 6.4%. Ambev has had 13 consecutive quarters of double-digit organic revenue growth. Beer is a robust investment with significant demand in both good and terrible times. Investors might buy Ambev to reduce risk and increase payout. Current Ambev stock yields 5.9%.

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