13 Best Foreign Dividend Stocks To Buy According to Analysts

10. ICICI Bank Limited (NYSE:IBN)

Dividend Yield as of February 12: 0.85%

Number of Hedge Fund Holders: 32

Average Upside Potential: 22.56%

ICICI Bank Limited (NYSE:IBN) stands 10th on our list of the best dividend stocks. The company is one of India’s leading financial institutions, providing banking and financial services to retail and corporate customers locally and internationally. ICICI Bank and the Commonwealth Bank of Australia teamed up in December 2024 to make banking easier for businesses and individuals moving between India and Australia. Their partnership focuses on helping companies expand, supporting trade with banking services, assisting migrants with their financial needs, and streamlining cross-border payments with customer-friendly solutions.

For Q3 FY24, ICICI Bank Limited (NYSE:IBN) reported that profit before tax (excluding treasury) was up 23.4% year-over-year to INR 135.51 billion, and profit after tax rose 23.6% year-over-year to INR 102.72 billion. The core operating profit grew 10.3% year-over-year to INR 146.01 billion, while total deposits increased 18.7% year-over-year. Term deposits saw an even bigger growth, surging 31.2% year-over-year. Dividend income from subsidiaries and associates reached INR 6.5 billion, up from INR 5.16 billion last year, driven by higher payouts from ICICI Securities, ICICI Prudential Asset Management, and ICICI Securities Primary Dealership.

According to Insider Monkey’s third-quarter data, 32 hedge funds were bullish on ICICI Bank Limited (NYSE:IBN), compared to 30 funds in the last quarter. Rajiv Jain’s GQG Partners was the largest stakeholder of the company, with 59.6 million shares worth $1.8 billion.