NEW YORK ( TheStreet) -- Desperate for yield, investors have been pouring into dividend ETFs. A popular choice is SPDR S&P Dividend (SDY), which yields 2.9%. But you can get richer yields with foreign dividend funds. First Trust Dow Jones Global Select Dividend (FGD) yields 5.7%, while iShares Dow Jones International Select Dividend (IDV) yields 5.4%.Foreign stocks have long yielded more than their U.S. counterparts. The gap developed over decades because Wall Street did not focus on dividends. Instead of insisting that companies use cash for dividends, many institutional investors urged corporate managements to reinvest in their businesses or buy back shares.
Finding Fatter Yields Abroad: SDY vs. FGD
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