There are many foreign ADRs paying high dividends. Even after the run up in stock prices since the March lows of last year, one can find find solid companies that offer above-average yields.

Five ADRs paying 5% or more in dividend yield are listed below:

1. Administradora de Fondos de Pensiones Provida SA (PVD)
Chile
Current Dividend Yield: 7.27%

2. Magyar Telecom (MTA)
Hungary
Current Dividend Yield: 9.29%

3. City Telecom Ltd (CTEL)
Hong Kong
Current Dividend Yield: 5.10%

4. Repsol YPF (REP)
Spain
Current Dividend Yield: 5.01%

5. Philippine Long Distance Telephone Co (PHI)
Philippines
Current Dividend Yield: 6.08%