📱 Best Platforms
Interactive Brokers, Fidelity
📖 The Hustle
Foreign dividend stocks often pay higher yields than U.S. companies — think British tobacco (8%+), Canadian banks (4-5%), and Australian miners (5-7%). Use Interactive Brokers to buy directly on foreign exchanges or buy international dividend ETFs like IDV or SCHY. Some countries withhold foreign taxes, but you can claim a foreign tax credit on your U.S. return. This diversifies your income away from U.S. economic cycles.
🚀 First Step
Buy 10 shares of IDV (international dividend ETF) on Fidelity to get instant global dividend exposure across 100+ stocks.
🔑 Keys to Success
- Use ETFs like IDV, SCHY, or VYMI for easy diversified international dividend exposure without currency hassle
- Research withholding tax rates — UK stocks have 0% withholding, but some countries take 25-30% off dividends
- Keep international holdings in a taxable account so you can claim the foreign tax credit on your U.S. return
🛠 Tools & Resources: Interactive Brokers, Fidelity, Seeking Alpha, Simply Safe Dividends, Morningstar