Let's face it, the U.S. stock market is looking a bit frothy right now. The Dow is dancing near record highs, tech stocks are on a tear, and everyone seems to think the good times will roll forever. But you and I know better than that, don't we? We're Stock Market Junkies. We're not falling for the hype.
While the Wall Street sheep blindly follow the herd, we're looking for opportunities where the real money is being made – and that's often where others fear to tread. Right now, I'm talking about international dividend stocks.
Yes, I know, international markets can seem risky. But they can also be a source of explosive yields that put U.S. dividends to shame. And in a market that's starting to look overvalued, those juicy payouts can be a godsend.
So, if you're ready to break free from the herd and tap into a source of potentially higher returns, here are three international dividend stocks I'm watching right now:
1. BHP Group (BHP)
You might know BHP as a global mining giant, but did you know it's also a dividend powerhouse? This Australian company, listed on the New York Stock Exchange, is a major player in iron ore, copper, coal, and nickel – all commodities that are essential for global growth and benefiting from current market trends.
As Forbes Advisor noted in their article on the best dividend ETFs, “[international stock funds] have outperformed in recent weeks.” This makes perfect sense. The global recovery is picking up steam, and BHP is perfectly positioned to ride the wave.
2. Enbridge (ENB)
You want a pipeline to steady income? Look no further than Enbridge, a Canadian energy infrastructure giant. This company operates one of the world's longest and most sophisticated crude oil and liquids transportation systems, with pipelines spanning North America.
With the recent spike in oil prices, energy companies are flush with cash, and that's good news for Enbridge. Energy infrastructure like this is essential, and Enbridge is a key player, collecting reliable fees as oil and gas flow through its network.
3. Unilever (UL)
Want a dividend stock that's built to withstand any economic storm? Look at Unilever. This consumer goods behemoth, headquartered in the UK and the Netherlands, boasts a global portfolio of iconic brands, including Dove, Lipton, Ben & Jerry's, and Hellmann's.
Unilever's products are staples in households worldwide, ensuring a steady stream of revenue even during economic downturns. And with an emerging middle class in developing countries driving demand for consumer goods, Unilever's long-term growth prospects are looking bright.
Don't Forget the Risks
Now, before you rush out and buy these stocks, remember that international investing comes with its own set of risks. Currency fluctuations, political instability, and different accounting standards can all create challenges. That's why diversification is more critical than ever.
But I'm a firm believer that intelligence will out. By doing your research, understanding the global landscape, and carefully selecting companies with strong fundamentals, you can unlock the incredible income potential of international dividend stocks.
So, if you're tired of paltry U.S. dividends and a frothy market, take a walk on the wilder side. I think you'll find the rewards are well worth the journey.
What are you doing to prepare for retirement? I revealed three international dividend stocks to add to your arsenal, but tomorrow, I'm going to show you how to supercharge your income stream with a strategy that's so simple, it's almost criminal. Stay tuned.