"International Dividend Achievers™ Index"
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The Mergent International Dividend Achievers™ Index tracks the performance of dividend paying foreign companies who have their stocks sold on major US exchanges (New York, American and NASDAQ) using American Depositary Receipts. The company must have increased its annual dividend payments every year for at least 5 consecutive years. The Mergent International Dividend Achievers™ Index is calculated by the American Stock Exchange (AMEX) and listed under the ticker symbol DAT.
The Mergent indexes are of companies with a long history of raising every year the stock dividends they pay to shareholders.
As of this writing, the largest companies listed by this index are British and Australian, with a couple of others from the rest of Europe and one from Canada. The total number of companies listed is around 60.
The industry sectors include: consumer staples, discretionary consumers, energy, financials, health care, industrials, information technology, materials, telecommunications and utilities
The principle of protecting your investments through diversification applies to currencies as well, yet it's difficult to diversify your income. Most of us work for employers who would object if we asked to get our paychecks in Japanese yen or Russian rubles or Indian rupees.
PID is a great way to start receiving income in the form of euros, Canadian dollars, Australian dollars, and other world currencies.
29 companies were added in 2007. 7 were removed, for a net increase of 22 companies. These included Vodafone Group, BHP Billiton, Allianz, Honda Motor.
PowerShares International Dividend Achievers™ Portfolio
This is an exchange traded fund or etf which tracks this index, ticker symbol PID, and trading in it was opened on September 15, 2005 on the American Stock Exchange. The expense ratio of 0.50% is higher than of most ETFs, but is in line with that of other ETFs buying foreign companies. It simply cost more to transact investment business across national borders.
Buying shares of PID is one way for income investors to earn dividends from companies operating outside the U.S. It is a way to make your income and buying power not entirely dependent on the (ever weakening) US dollar.
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