Australia’s economy is moving nicely, with it’s stocks and, of course, exchange traded funds (ETFs) following. Now that Australia has attracted private equity in addition to freeing up regulations placed on the media sector, the performance of iShares MSCI Australia (EWA) has moved upward steadily. Michael Krause with TheStreet.com reports dividends are also yielding a positive result. Yields are high in Australia because the country pays out 62% in dividend form, more than twice the S&P 500. However, foreign investors still get taxed in their home country.

Another great test time has proven is that high dividends don’t always equal slow earnings growth. Altavista Independent Research has called Australia the "Land of Dividends". There is a lot of growth down under.

Tags: Australia, Dividend ETFs, Media