5 Best Foreign Stocks With Dividends

4. Royal Bank of Canada (NYSE:RY)

Dividend Yield as of October 25: 4.35%

Royal Bank of Canada (NYSE:RY) is a Canadian multinational financial services company that serves over 17 million clients globally. In September, Barclays reinstated the stock with an Overweight rating and a C$137 price target, following its acquisition of investment management company, Brewin Dolphin.

In Q2 2022, Royal Bank of Canada (NYSE:RY) reported a net income of C$3.6 billion, down 17% from the same period last year. The company generated revenue of C$12.1 billion, compared with C$11.2 billion in the previous quarter. During the quarter, it returned C$1.8 billion in dividends to shareholders and C$1.3 billion in share repurchases.

Royal Bank of Canada (NYSE:RY) has raised its dividends every year since 2012, which makes it one of the best foreign stocks on our list. The company currently pays a quarterly dividend of C$1.28 per share and has a dividend yield of 4.35%, as recorded on October 25.

At the end of Q2 2022, 12 hedge funds in Insider Monkey’s database owned stakes in Royal Bank of Canada (NYSE:RY), with a total value of $111.8 million. Among these hedge funds, Millennium Management was the company’s major stakeholder in Q2.