Foreign stocks usually pay higher dividends. Five of the foreign ADRs that pay more than 6% dividends as of market close on November 20th are listed below:

1. Company: Torm A/S (TRMD)
Sector: Shipping
Country: Denmark
Current Dividend Yield: 13.38%

Please Note: I made a typo on the ticker for Torm A/S. The correct ticker is TRMD and not TORM as stated earlier.

2. Company: Administradora de Fondos de Pensiones Provida SA (PVD)
Sector: Investment Services
Country: Chile
Current Dividend Yield: 8.31%

3. Company: Magyar Telekom Nyrt (MTA)
Sector: Telecom
Country: Hungary
Current Dividend Yield: 8.89%

4. Company: Hellenic Telecommunication Organisation SA (OTE)
Sector: Telecom
Country: Greece
Current Dividend Yield: 6.38%

5. Company: Telecom New Zealand (NZTCY)
Sector: Telecom
Country: New Zealand
Current Dividend Yield: 9.90%

It must be noted however that tax treatments of foreign company dividends may vary depending on the reciprocal tax treaties with the U.S.

Denmark-based TORM was hit pretty hard during the credit crunch last year when global trade collapsed.However in the long-term value and pays consistently high dividends.The traditional telecom companies listed above also have high yields with Telecom New Zealand offering nearly 10%.