IDV “is one of the largest dedicated to international dividend investing. The IDV tracks the Dow Jones EPAC Select Dividend Index, which is a measure of high-dividend stocks in non-U.S. developed markets. The international dividend ETF tracks high-paying equities and screens for those that have consistently paid those dividends over longer periods of time,” according to Kiplinger.
Related: How to tap Into Developed Market Dividend Growth
Other international dividend ETFs include the PowerShares International Dividend Achievers Portfolio (NYSEArca: PID), FlexShares International Quality Dividend Index Fund (NYSEArca: IQDF) and the WisdomTree International Dividend ex-Financials Fund (NYSEArca: DOO).
PID offers ample exposure to many of the blue-chip laden sectors dividend investors favor when mining for U.S. income stocks. PID’s energy exposure gives the ETF leverage to a recovery in that beaten up sector, but it also makes the ETF vulnerable in the event of further oil price declines.
A falling dollar could lift IDV’s yield “as weaker local currencies convert into the stronger dollar. That would provide a nice boost to an investor’s purchasing power over the long term,” notes Kiplinger.