The overall appeal of buying a dividend stock is that it can help cushion any decline in stock price and gives the chance for capital appreciation with a steady income stream. [How to Easily Find High Yielding ETFs]

One example of an international dividend ETF is First Trust STOXX European Select Dividend Fund (NYSEArca:FDD), which yields 5% and covers 30 companies in Europe.

Other broad-based international dividend ETFs:

  • iShares Dow Jones International Select Dividend Index (NYSEArca: IDV) yields 4.8%; Holds 103 companies.
  • SPDR S&P International Dividend (NYSEArca: DWX) yields 5.6%; gives exposure to 100 of the highest performing dividend yielding common stocks.
  • WisdomTree Dividend ex-Financials Fund (NYSEArca: DOO) yields 5.2%; selects the 10 highest dividend yielding companies within each sector; weights heavily in telecom and consumer staples.

iShares Dow Jones International Select Dividend Index

Tisha Guerrero contributed to this article.