5 Best Foreign Dividend Stocks To Invest In

In this article, we discuss 5 best foreign dividend stocks to invest in. If you want to read our detailed analysis of the performance of dividend stocks over the years, go directly to read 12 Best Foreign Dividend Stocks To Invest In. 

5. Canadian Natural Resources Ltd (NYSE:CNQ)

Number of Hedge Fund Holders: 41

Canadian Natural Resources Ltd (NYSE:CNQ) is one of the largest independent crude oil and natural gas exploration, development, and production companies in Canada. In November 2023, the company declared an 11% hike in its quarterly dividend to C$1.00 per share. This marked the company’s 25th consecutive year of dividend growth, which makes CNQ one of the best foreign dividend stocks. The stock has a dividend yield of 4.57%, as of January 26.

The number of hedge funds tracked by Insider Monkey owning stakes in Canadian Natural Resources Ltd (NYSE:CNQ) jumped to 41 in Q3 2023, from 36 in the previous quarter. The consolidated value of these stakes is roughly $3 billion. Among these hedge funds, GQG Partners was the company’s leading stakeholder in Q3.

4. AstraZeneca plc (NASDAQ:AZN)

Number of Hedge Fund Holders: 49

AstraZeneca plc (NASDAQ:AZN) is a Cambridge-based global biopharmaceutical company that engages in the research, development, manufacturing, and marketing of prescription medications. The company pays an interim dividend of $0.93 per share and has a dividend yield of 2.21%, as of January 26.

Insider Monkey’s database of Q3 2023 indicated that 49 hedge funds owned stakes in AstraZeneca plc (NASDAQ:AZN), up from 41 in the preceding quarter. The total value of stakes owned by these hedge funds is over $2.64 billion.

ClearBridge Investments mentioned AstraZeneca plc (NASDAQ:AZN) in its Q4 2023 investor letter. Here is what the firm has to say:

“In the second half of 2023 — as we were selling low-growth, high-multiple stocks and taking advantage of oversold conditions in infrastructure, real estate and utilities — we also found opportunities in overlooked areas of health care. After adding Gilead in the third quarter, we bought AstraZeneca PLC (NASDAQ:AZN) in the fourth quarter. Each of these stocks present distinct investment cases, but both are reasonably valued and have limited patent expiry or pipeline risk. Gilead’s strength comes from its dominant franchise in HIV. It offers lower growth, but it yields nearly 4% and trades at 11x earnings. AstraZeneca possesses a diversified portfolio of pharmaceuticals, which should deliver double-digit earnings growth, yet it trades at just 16x earnings. These stocks were underwritten individually, but collectively we like the idea of increasing our exposure to defensive and growing health care names at below-market multiples.”

3. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 49

Shell plc (NYSE:SHEL) ranks third on our list of the best foreign dividend stocks. It is one of the largest integrated energy companies globally. It operates in various segments of the energy industry, including upstream exploration and production, downstream refining and marketing, and integrated gas. The company offers a quarterly dividend of $0.662 per ADS and has a dividend yield of 4.09%, as of January 26.

At the end of Q3 2023, 49 hedge funds reported having stakes in Shell plc (NYSE:SHEL), up from 43 in the preceding quarter, as per Insider Monkey’s database. These stakes are collectively valued at over $3.26 billion.

2. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holders: 57

ASML Holding N.V. (NASDAQ:ASML) is a Dutch company that specializes in the design and manufacturing of photolithography equipment used in the semiconductor manufacturing process. On January 24, the company declared an interim dividend of €1.45 per share, which was in line with its previous dividend. It is one of the best foreign dividend stocks on our list as the company has been paying regular dividends to shareholders since 2013. The stock has a dividend yield of 0.76%, as of January 26.

The number of hedge funds tracked by Insider Monkey owning stakes in ASML Holding N.V. (NASDAQ:ASML) grew to 57 in Q3 2023, from 55 in the previous quarter. The total value of these stakes is over $6.08 billion. Among these hedge funds, Fisher Asset Management was the company’s leading stakeholder in Q3.

1. Linde plc (NYSE:LIN)

Number of Hedge Fund Holders: 71

With 71 hedge fund positions at the end of Q3 2023, Linde plc (NYSE:LIN) tops our list of the best foreign dividend stocks. The total stakes owned by these hedge funds in the multinational industrial gases and engineering company amounted to roughly $4 billion, according to Insider Monkey’s database.

Linde plc (NYSE:LIN) has been growing its dividends for the past 28 consecutive years and currently pays a quarterly dividend of $1.275 per share. The stock’s dividend yield on January 27 came in at 1.26%.

You can also take a look at 10 Dividend Stocks with Sustainable Payout Ratios and 13 Most Buzzing Stocks To Buy Now