The dividend calculates out to a very high 10.7%, which includes capital gains. However, the fund has been paying its dividend only once a year, and has paid out in only eight out of the last 10 years. Finally, there is Brazil -- the largest country in Latin America in terms of area and population, and the fifth-largest country in the world. For such a big country, there are very few dividend-paying companies. However, there is Petroleo Brasileiro ( PBR), an oil exploration and production company, which yields 2.5%. It has a trailing P/E of 8.8. For those interested in a Brazilian financial play, there is Banco Itau ( ITU), another member of the Claymore/BNY BRIC ETF. It has a dividend yield of 2.0%. In the mining sector, generating a yield of 1.5%, is Companhia Vale do Rio Doce ( RIO). It is owned by a who's who of the greatest investors ever, including George Soros; super investor Louis Bacon of Moore Capital; and one of Jim Cramer's favorite hedge funds to follow, Atticus Capital -- which is also a big holder of NYSE Euronext ( NYX). You can see the full list of the highest-yielding BRIC stocks on Stockpickr. Another interesting list to track in a related area is the Highest Yielding China Stocks portfolio. And, while you're at it, why not check out the highest-yielding bank stocks and the highest-yielding stocks that pay monthly dividends.