For Higher Dividends Go For Foreign Companies: Barron’s (BP, CHL, DEO, TSM, GSK)

According to Barron’s, in seeking stocks that pay a decent dividend, it's time for investors to go abroad. The dividends paid by many big overseas firms have held up well over the last few years.

"If you only invest in U.S. stocks, you miss a lot of opportunities," says Alan Lancz, president of money-management firm, Alan B. Lancz & Associates.

Foreign stocks like BP (ADR) (NYSE: BP), China Mobile (ADR) (NYSE: CHL), Diageo (ADR) (NYSE: DEO), Taiwan Semiconductor Manufacturing (ADR) (NYSE: TSM), and GlaxoSmithKline (ADR) (NYSE: GSK) remain lucrative options because of attractive dividend yields. Even some portfolio managers believe that the overseas firms return more of their excess capital to shareholders when compared to U.S. counterparts.