SPDR S&P International Dividend ETF (NYSE: DWX): An International Dividend Fund With 6.9% Yield

The five-year run-up in U.S. stocks has been great for long-term investors already in the game.

For new investors, the run-up is less great: Value and yield have been largely wrung out of the market. New money must scrounge and claw to unearth quality income stocks.

As an income investor, I can sympathize with the plight of other income investors, particularly those who prefer funds over individual securities.

With the S&P 500 trading at 19.5 times current earnings and yielding 1.9%, it’s difficult to argue U.S. stocks, and likely broad-based funds, are undervalued.  (more)

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