Foreign dividend stocks, after tax
A 5% yield from a Swiss company is not a 5% yield — Switzerland withholds 35% at source. This is every dividend-paying ADR we track with both the headline yield and the net yield after the issuer country's withholding tax, so you can compare Shell against Rio Tinto against Novo Nordisk on the number that actually reaches your account.
164 ADRs across 34 countries, median gross yield 3.38%. Prices as of Oct 21, 2026.
What you'd actually receive
Enter a position size and see the dividend after the issuer country takes its cut — and how much of that comes back as a foreign tax credit.
In a taxable account the 0% treaty portion ($0.00) becomes a foreign tax credit on Form 1116 — it offsets your US tax on this dividend rather than disappearing, so the real cost is close to zero if you have enough US tax to offset.
Estimates using the current yield and standard treaty rates, before US income tax. General guidance, not tax advice — see the withholding guide for the paperwork.
- 1LXLexinFintech Holdings Ltd. American Depositary Shares54.97%
- 2YRDYiren Digital Ltd.27.16%
- 3TOURTuniu Corporation24.04%
- 4TMRAFTomra Systems ASA22.23%
- 5JFINJiayin Group Inc. American Depositary Shares20.15%
- 6JKSJinkoSolar Holding Company Limi18.45%
- 7IRSIRSA Inversiones y Representaciones Sociedad Anónima17.10%
- 8QFINQfin Holdings, Inc. American Depositary Shares16.88%
- 9HXGBYHexagon AB (publ)15.35%
- 10XYFX Financial American Depositary Shares, each representing six Class A Ordinary Shares11.62%
Flagged yields are unusually high — normally a special or one-off payment still in the trailing rate. Many foreign companies pay a variable dividend tied to profits.
- 1LXLexinFintech Holdings Ltd. American Depositary Shares49.47% net
- 2YRDYiren Digital Ltd.24.44% net
- 3TOURTuniu Corporation21.64% net
- 4TMRAFTomra Systems ASA18.90% net
- 5JKSJinkoSolar Holding Company Limi18.45% net
- 6JFINJiayin Group Inc. American Depositary Shares18.13% net
- 7IRSIRSA Inversiones y Representaciones Sociedad Anónima15.90% net
- 8QFINQfin Holdings, Inc. American Depositary Shares15.19% net
- 9HXGBYHexagon AB (publ)13.05% net
- 10XYFX Financial American Depositary Shares, each representing six Class A Ordinary Shares10.46% net
Flagged yields are unusually high — normally a special or one-off payment still in the trailing rate. Many foreign companies pay a variable dividend tied to profits.
- 1JKSJinkoSolar Holding Company Limi18.45% · Hong Kong
- 2SBSCompanhia de Saneamento Basico10.04% · Brazil
- 3PAGSPagSeguro Digital Ltd.9.79% · Brazil
- 4BBDBanco Bradesco S.A. (PN) ADR7.87% · Brazil
- 5BBDOBanco Bradesco S.A. (ON) ADR7.70% · Brazil
- 6VIVTelefonica Brasil S.A.6.78% · Brazil
- 7BTIBritish American Tobacco Indus5.99% · United Kingdom
- 8BSBRBanco Santander Brasil SA5.67% · Brazil
- 9NGGNational Grid Transco, PLC Nati5.38% · United Kingdom
- 10ITUBItau Unibanco Banco Holding SA5.30% · Brazil
- 1PAGSPagSeguro Digital Ltd.9.79%
- 2KSPIJoint Stock Company Kaspi.kz American Depository Shares9.36%
- 3JOYYJOYY Inc. American Depositary Shares7.33%
- 4BTIBritish American Tobacco Indus5.99%
- 5BSBRBanco Santander Brasil SA5.67%
- 6CIBGrupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares)5.58%
- 7KTKT Corporation4.34%
- 8EENI S.p.A.4.28%
- 9BPBP P.l.c.4.17%
- 10TTETotalEnergies SE3.95%
Withholding tax by country
Standard treaty treatment for a US resident holding in a taxable account. Where the country withholds more than the treaty rate, the excess is reclaimable — and a US foreign tax credit usually offsets the rest.
| Country | Payers | Median yield | Withheld | Notes |
|---|---|---|---|---|
| ChinaAsia-Pacific | 31 | 5.13% | 10% | 10% statutory rate. |
| United KingdomEurope | 21 | 3.07% | 0% | No UK withholding on dividends. Exception: REIT property income distributions (PIDs) are withheld at 20%. |
| BrazilLatin America | 20 | 3.44% | 0% | Dividends are exempt from Brazilian withholding; the Interest-on-Equity (JCP) portion is withheld at 15%. |
| JapanAsia-Pacific | 9 | 2.79% | 10% | 15.315% withheld at source, 10% treaty rate — the gap is reclaimable. |
| MexicoLatin America | 8 | 2.90% | 10% | 10% statutory rate. |
| ArgentinaLatin America | 7 | 5.15% | 7% | 7% on dividends. |
| TaiwanAsia-Pacific | 6 | 1.12% | 21% | 21% — there is no US tax treaty with Taiwan, so the full statutory rate applies. |
| ChileLatin America | 5 | 4.64% | 35% | 35% headline — the US-Chile treaty preserves the full rate under Chile's integrated system, offset by corporate tax credits. |
| NetherlandsEurope | 4 | 1.18% | 15% | 15% statutory, equal to the treaty rate. |
| IndiaAsia-Pacific | 4 | 1.42% | 20% | 20% plus surcharge domestically; the treaty caps at 25%, so the domestic rate applies. |
| South AfricaAfrica & Middle East | 4 | 5.79% | 15% | 20% withheld at source, 15% treaty rate. |
| SwitzerlandEurope | 4 | 2.22% | 15% | 35% withheld at source, 15% treaty rate — 20% reclaimable via Form 82. |
| NorwayEurope | 3 | 4.44% | 15% | 25% withheld at source, 15% treaty rate — 10% reclaimable. |
| PeruLatin America | 3 | 3.30% | 5% | 5% on dividends. |
| FranceEurope | 3 | 5.14% | 15% | 25% withheld at source, 15% treaty rate — reclaimable via Form 5000/5001. |
| SpainEurope | 3 | 2.20% | 15% | 19% withheld at source, 15% treaty rate — 4% reclaimable. |
| GermanyEurope | 3 | 3.15% | 15% | 26.375% withheld at source (25% plus solidarity surcharge), 15% treaty rate — reclaimable. |
| LuxembourgEurope | 2 | 4.34% | 15% | 15% under the treaty. |
| AustraliaAsia-Pacific | 2 | 4.87% | 15% | Franked dividends are exempt; 30% at source on the unfranked portion, 15% treaty rate. |
| ColombiaLatin America | 2 | 4.58% | 20% | 20% on dividends to non-residents; no US tax treaty. |
| South KoreaAsia-Pacific | 2 | 3.71% | 15% | 22% withheld at source (20% plus local surtax), 15% treaty rate. |
| SwedenEurope | 2 | 9.11% | 15% | 30% withheld at source, 15% treaty rate — 15% reclaimable. |
| BelgiumEurope | 2 | 1.71% | 15% | 30% withheld at source, 15% treaty rate — reclaimable. |
| PhilippinesAsia-Pacific | 1 | 7.77% | 15% | 25% withheld at source, 15% treaty rate. |
| Hong KongAsia-Pacific | 1 | 18.45% | 0% | No dividend withholding. |
| IndonesiaAsia-Pacific | 1 | 10.22% | 15% | 20% withheld at source, 15% treaty rate. |
| DenmarkEurope | 1 | 2.97% | 15% | 27% withheld at source, 15% treaty rate — 12% reclaimable. |
| ItalyEurope | 1 | 4.28% | 15% | 26% withheld at source, 15% treaty rate — usually applied automatically. |
| TurkeyEurope | 1 | 4.50% | 15% | 15% domestic rate on dividends. |
| IsraelAfrica & Middle East | 1 | 2.73% | 25% | 25% domestic rate; 12.5-25% under the treaty depending on the payer. |
| IrelandEurope | 1 | 1.64% | 0% | Exempt for US residents with a completed W-8BEN; 25% otherwise. |
| BermudaOther | 1 | 0.78% | 0% | No dividend withholding. |
| FinlandEurope | 1 | 2.11% | 15% | 15% treaty rate; 35% applies to nominee-registered shares without treaty paperwork. |
| KazakhstanAsia-Pacific | 1 | 9.36% | 15% | 15% domestic rate; 5-15% under the treaty. |
Rates shown are the treaty rate a US resident should end up paying, with the higher at-source rate noted where one applies — general guidance only, not tax advice. Two things the table can't show you: the foreign tax credit only offsets US tax, so inside an IRA or Roth the withholding is a permanent leak (Canada is the one exception — 0% on Canadian dividends held in a retirement account), and ADR pass-through fees of roughly $0.01-$0.05 per share are deducted on top. Both are covered in the ADR withholding guide.
All 164 dividend-paying ADRs
164 shown · click any column to sort
Why: foreign withholding is recovered through the US foreign tax credit, which only offsets US tax you actually owe. An IRA or Roth owes no US tax on the dividend, so there is nothing for the credit to offset and the withheld amount is gone for good — there is no reclaim route either. Hover any badge for the country-specific reason.
| Company | Country | Gross yield | Withheld | Net yield | Pays | Payout | Quality | Size | 1Y |
|---|---|---|---|---|---|---|---|---|---|
TSMIRA leak Taiwan Semiconductor Manufacturing Company Limited | Taiwan | 1.05% | 21% | 0.83% | Quarterly | 25% | 30 | $2.24T | +46.6% |
ASMLIRA leak ASML Holding N.V. - New York Re | Netherlands | 0.52% | 15% | 0.44% | Quarterly | 22% | 35 | $646.2B | +63.6% |
RHHVFbad in IRA Roche Holding AG | Switzerland | 2.22% | 15%rec | 1.89% | Annually | 64% | 23 | $350.1B | +38.7% |
RHHBFbad in IRA Roche Holding AG | Switzerland | 2.22% | 15%rec | 1.89% | Annually | 64% | 23 | $337.2B | +19.7% |
HSBCIRA ok HSBC Holdings, PLC. | United Kingdom | 2.13% | 0% | 2.13% | Quarterly | 54% | 29 | $321.1B | +42.2% |
SHELIRA ok Shell plc American Depositary Shares (Each represents two Ordinary shares) | United Kingdom | 3.07% | 0% | 3.07% | Quarterly | 33% | 35 | $292.9B | +45.0% |
NVSbad in IRA Novartis AG | Switzerland | 2.96% | 15%rec | 2.52% | Annually | 72% | 24 | $292.6B | +17.2% |
BABAIRA leak Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares | China | 0.97% | 10% | 0.87% | Annually | 25% | 18 | $270.1B | -37.4% |
SAPbad in IRA SAP SE | Germany | 1.27% | 15%rec | 1.08% | Annually | 38% | 35 | $268.6B | -17.0% |
MUFGIRA leak Mitsubishi UFJ Financial Group, Inc. | Japan | 2.79% | 10% | 2.51% | Semi-Annually | 35% | 39 | $245.0B | +42.6% |
TMIRA leak Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares) | Japan | 3.36% | 10% | 3.02% | Semi-Annually | 26% | 42 | $231.5B | -3.5% |
BHPbad in IRA BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) | Australia | 4.90% | 15% | 4.17% | Semi-Annually | 69% | 26 | $208.1B | +44.4% |
TTEbad in IRA TotalEnergies SE | France | 3.95% | 15%rec | 3.36% | Quarterly | 50% | 33 | $199.2B | +48.1% |
SANIRA leak Banco Santander, S.A. Sponsored | Spain | 2.20% | 15%rec | 1.87% | Semi-Annually | 27% | 29 | $189.8B | +37.7% |
NVObad in IRA Novo Nordisk A/S | Denmark | 2.97% | 15%rec | 2.52% | Semi-Annually | 45% | 30 | $172.4B | -28.7% |
PBRIRA ok Petroleo Brasileiro S.A. Petrob | Brazil | 1.04% | 0% | 1.04% | Semi-Annually | 29% | 30 | $165.4B | +122.0% |
BUDbad in IRA Anheuser-Busch Inbev SA Sponsor | Belgium | 2.84% | 15%rec | 2.41% | Semi-Annually | 29% | 42 | $162.0B | +33.1% |
SMFGIRA leak Sumitomo Mitsui Financial Group, Inc. | Japan | 2.29% | 10% | 2.06% | Semi-Annually | 34% | 36 | $153.8B | +52.1% |
SONYIRA leak Sony Group Corporation American Depositary Shares (Each Representing One Share of Dollar Validated Common Stock) | Japan | 0.66% | 10% | 0.59% | Semi-Annually | 13% | 18 | $146.5B | -13.9% |
PBR.AIRA ok Petroleo Brasileiro S.A.-Petrobras | Brazil | 0.60% | 0% | 0.60% | Annually | — | 22 | $145.7B | +109.7% |
BBVAIRA leak Banco Bilbao Vizcaya Argentaria, S.A. | Spain | 3.32% | 15%rec | 2.82% | Semi-Annually | 50% | 47 | $141.8B | +31.9% |
RIOIRA ok Rio Tinto PLC | United Kingdom | 4.99% | 0% | 4.99% | Semi-Annually | 55% | 33 | $141.4B | +27.2% |
ULIRA ok Unilever PLC | United Kingdom | 3.30% | 0% | 3.30% | Quarterly | 46% | 38 | $138.7B | -8.2% |
BPIRA ok BP P.l.c. | United Kingdom | 4.17% | 0% | 4.17% | Quarterly | 95% | 14 | $128.4B | +50.3% |
MFGIRA leak Mizuho Financial Group, Inc. Sp | Japan | 1.64% | 10% | 1.48% | Semi-Annually | 25% | 33 | $120.8B | +54.7% |
BTIIRA ok British American Tobacco Indus | United Kingdom | 5.99% | 0% | 5.99% | Quarterly | 85% | 14 | $119.7B | +16.9% |
ASXIRA leak ASE Technology Holding Co., Ltd. | Taiwan | 1.00% | 21% | 0.79% | Annually | 50% | 33 | $110.4B | +234.5% |
EQNRbad in IRA Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) | Norway | 3.35% | 15%rec | 2.85% | Quarterly | 41% | 45 | $109.2B | +98.7% |
ITUBIRA ok Itau Unibanco Banco Holding SA | Brazil | 5.30% | 0% | 5.30% | Monthly | 82% | 18 | $106.9B | +42.1% |
IBNIRA leak ICICI Bank Limited | India | 0.90% | 20% | 0.72% | Annually | 14% | 18 | $102.4B | -5.4% |
SNYNFbad in IRA SANOFI ORD | France | 5.14% | 15%rec | 4.37% | Annually | 127% | 15 | $100.5B | -9.3% |
SNYbad in IRA Sanofi American Depositary Shares (Each representing one-half of one ordinary share) | France | 5.90% | 15%rec | 5.02% | Annually | 128% | 15 | $98.2B | -17.5% |
INGIRA leak ING Group, N.V. | Netherlands | 2.83% | 15% | 2.41% | Semi-Annually | 48% | 27 | $94.9B | +41.3% |
GSKIRA ok GSK plc American Depositary Shares (Each representing two Ordinary Shares) | United Kingdom | 3.67% | 0% | 3.67% | Quarterly | 57% | 35 | $92.7B | +13.8% |
Ebad in IRA ENI S.p.A. | Italy | 4.28% | 15%rec | 3.64% | Quarterly | 85% | 23 | $84.8B | +71.2% |
NGGIRA ok National Grid Transco, PLC Nati | United Kingdom | 5.38% | 0% | 5.38% | Semi-Annually | 72% | 26 | $81.2B | +7.3% |
NTESIRA leak NetEase, Inc. | China | 1.65% | 10% | 1.48% | Quarterly | 42% | 24 | $78.7B | -19.0% |
LYGIRA ok Lloyds Banking Group PLC | United Kingdom | 3.13% | 0% | 3.13% | Semi-Annually | 47% | 35 | $78.7B | +23.6% |
BCSIRA ok Barclays PLC | United Kingdom | 2.82% | 0% | 2.82% | Semi-Annually | 18% | 29 | $75.3B | +16.0% |
AMXIRA leak America Movil, S.A.B. de C.V. | Mexico | 2.55% | 10% | 2.29% | Semi-Annually | 37% | 27 | $72.5B | +9.1% |
NWGIRA ok NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares) | United Kingdom | 3.76% | 0% | 3.76% | Semi-Annually | 44% | 35 | $68.9B | +21.2% |
RELXIRA ok RELX PLC | United Kingdom | 1.43% | 0% | 1.43% | Semi-Annually | 54% | 33 | $68.0B | -15.5% |
NXPIIRA leak NXP Semiconductors N.V. | Netherlands | 1.67% | 15% | 1.42% | Quarterly | 35% | 39 | $61.1B | +9.0% |
DBbad in IRA Deutsche Bank AG | Germany | 3.15% | 15%rec | 2.68% | Annually | 30% | 35 | $59.6B | -2.8% |
TAKIRA leak Takeda Pharmaceutical Company Limited American Depositary Shares (each representing 1/2 of a share of Common Stock) | Japan | 3.32% | 10% | 2.99% | Semi-Annually | 280% | 6 | $59.2B | +41.3% |
VALEIRA ok VALE S.A. | Brazil | 4.89% | 0% | 4.89% | Semi-Annually | 159% | 18 | $54.0B | +12.7% |
NOKbad in IRA Nokia Corporation Sponsored ADR | Finland | 2.11% | 15%rec | 1.79% | Quarterly | 117% | 5 | $51.8B | +65.8% |
INFYIRA leak Infosys Limited American Depositary Shares | India | 4.15% | 20% | 3.32% | Semi-Annually | 65% | 39 | $51.6B | -26.8% |
UCBJFbad in IRA UCB SA NPV | Belgium | 0.58% | 15%rec | 0.49% | Annually | 13% | 26 | $51.3B | +61.5% |
ABEVIRA ok Ambev S.A. | Brazil | 1.12% | 0% | 1.12% | Quarterly | 79% | 0 | $51.2B | +47.3% |
DEOIRA ok Diageo PLC | United Kingdom | 2.76% | 0% | 2.76% | Semi-Annually | 107% | 8 | $50.3B | -5.2% |
UMCIRA leak United Microelectronics Corporation | Taiwan | 2.02% | 21% | 1.60% | Annually | 71% | 27 | $49.7B | +166.0% |
BBDIRA ok Banco Bradesco S.A. (PN) ADR | Brazil | 7.87% | 0% | 7.87% | Monthly | 96% | 12 | $45.3B | +22.7% |
WDSbad in IRA Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share | Australia | 4.83% | 15% | 4.11% | Semi-Annually | 70% | 24 | $44.9B | +63.4% |
HMCIRA leak Honda Motor Company, Ltd. | Japan | 4.02% | 10% | 3.62% | Semi-Annually | 56% | 45 | $44.1B | +8.6% |
HLNIRA ok Haleon plc American Depositary Shares (Each representing two Ordinary Shares) | United Kingdom | 1.29% | 0% | 1.29% | Semi-Annually | 40% | 23 | $44.1B | +7.4% |
FMXIRA leak Fomento Economico Mexicano S.A. | Mexico | 3.59% | 10% | 3.23% | Quarterly | 49% | 45 | $43.6B | +37.5% |
STMbad in IRA STMicroelectronics N.V. | Switzerland | 0.79% | 15%rec | 0.67% | Quarterly | 900% | 9 | $42.5B | +55.3% |
BSBRIRA ok Banco Santander Brasil SA | Brazil | 5.67% | 0% | 5.67% | Quarterly | 132% | 21 | $42.5B | +5.2% |
BBDOIRA ok Banco Bradesco S.A. (ON) ADR | Brazil | 7.70% | 0% | 7.70% | Monthly | 87% | 12 | $42.0B | +28.3% |
IXIRA leak ORIX Corporation American Depositary Shares (each representing One (1) Share of Common Stock) | Japan | 2.03% | 10% | 1.83% | Semi-Annually | 27% | 24 | $39.4B | +46.4% |
CHTIRA leak Chunghwa Telecom Co., Ltd. | Taiwan | 3.36% | 21% | 2.65% | Annually | 97% | 9 | $36.8B | +9.6% |
VODIRA ok Vodafone Group PLC | United Kingdom | 3.40% | 0% | 3.40% | Semi-Annually | 103% | 11 | $36.7B | +37.7% |
Ecopetrol S.A. | — | 3.77% | — | — | Annually | 36% | 36 | $35.4B | +100.2% |
JDIRA leak JD.com, Inc. | China | 3.79% | 10% | 3.41% | Annually | 70% | 21 | $34.8B | -21.4% |
ERICbad in IRA Ericsson American Depositary Shares | Sweden | 2.87% | 15%rec | 2.44% | Semi-Annually | 52% | 39 | $34.6B | +8.9% |
GFIIRA leak Gold Fields Limited | South Africa | 5.62% | 15%rec | 4.78% | Semi-Annually | 32% | 50 | $32.8B | -4.9% |
SHGIRA leak Shinhan Financial Group Co Ltd | South Korea | 3.08% | 15%rec | 2.62% | Quarterly | 25% | 33 | $32.8B | +34.0% |
TSIRA leak Tenaris S.A. | Luxembourg | 4.09% | 15% | 3.48% | Semi-Annually | 48% | 47 | $29.6B | +69.2% |
PUKIRA ok Prudential Public Limited Compa | United Kingdom | 1.46% | 0% | 1.46% | Semi-Annually | 19% | 23 | $29.2B | -9.7% |
RYAAYIRA ok Ryanair Holdings plc American Depositary Shares | Ireland | 1.64% | 0% | 1.64% | Semi-Annually | 25% | 29 | $28.0B | -11.8% |
NMRIRA leak Nomura Holdings Inc | Japan | 3.07% | 10% | 2.76% | Semi-Annually | 37% | 42 | $26.9B | +30.4% |
HXGBYbad in IRA Hexagon AB (publ) | Sweden | 15.35% | 15%rec | 13.05% | Annually | 19% | 26 | $26.2B | +0.8% |
KOFIRA leak Coca-Cola FEMSA, S.A.B. de C.V. | Mexico | 3.46% | 10% | 3.11% | Quarterly | 525% | 21 | $25.0B | +40.1% |
IHGIRA ok InterContinental Hotels Group PLC | United Kingdom | 0.78% | 0% | 0.78% | Semi-Annually | 39% | 21 | $25.0B | +39.9% |
CIBIRA leak Grupo Cibest S.A. American Depositary Shares (each representing four (4) Preferred Shares) | Colombia | 5.58% | 20% | 4.46% | Quarterly | 31% | 15 | $23.0B | +80.5% |
SBSIRA ok Companhia de Saneamento Basico | Brazil | 10.04% | 0% | 10.04% | Annually | 32% | 32 | $22.2B | +35.8% |
WITIRA leak Wipro Limited | India | 1.94% | 20% | 1.55% | Semi-Annually | 61% | 27 | $21.3B | -20.1% |
VIVIRA ok Telefonica Brasil S.A. | Brazil | 6.78% | 0% | 6.78% | Monthly | 120% | 23 | $20.6B | +6.1% |
BCHbad in IRA Banco de ChileAmerican Depositary Shares (Each representing 200 shares of Common Stock) | Chile | 5.29% | 35% | 3.44% | Annually | 85% | 21 | $20.0B | +20.8% |
Carlsberg A/S | — | 3.29% | — | — | Annually | 59% | 36 | $19.7B | +20.9% |
BEKEIRA leak KE Holdings Inc. American Depositary Shares (each representing three Class A Ordinary Shares) | China | 1.66% | 10% | 1.49% | Annually | 46% | 6 | $19.1B | -6.2% |
KSPIIRA leak Joint Stock Company Kaspi.kz American Depository Shares | Kazakhstan | 9.36% | 15% | 7.96% | Quarterly | 33% | 27 | $17.7B | +25.4% |
BSACbad in IRA Banco Santander - Chile | Chile | 4.64% | 35% | 3.02% | Annually | 56% | 45 | $15.2B | +18.5% |
CXIRA leak Cemex, S.A.B. de C.V. Sponsored | Mexico | 1.20% | 10% | 1.08% | Quarterly | 84% | 0 | $15.0B | +13.4% |
ZTOIRA leak ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share | China | 4.02% | 10% | 3.62% | Semi-Annually | 38% | 42 | $14.9B | +4.5% |
HTHTIRA leak H World Group Limited American Depositary Shares | China | 3.85% | 10% | 3.47% | Semi-Annually | 159% | 18 | $14.4B | +19.5% |
LTMbad in IRA LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock) | Chile | 0.54% | 35% | 0.35% | Semi-Annually | 28% | 21 | $13.8B | +8.1% |
TMEIRA leak Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares | China | 2.88% | 10% | 2.59% | Annually | 30% | 24 | $13.8B | -63.0% |
EMBJIRA ok Embraer S.A. American Depositary Shares (Each representing Four Common Shares) | Brazil | 0.05% | 0% | 0.05% | Quarterly | 32% | 18 | $13.0B | +21.9% |
SNNIRA ok Smith & Nephew SNATS, Inc. | United Kingdom | 2.11% | 0% | 2.11% | Semi-Annually | 53% | 32 | $12.2B | -20.0% |
TLKIRA leak PT Telekomunikasi Indonesia, Tb | Indonesia | 10.22% | 15%rec | 8.69% | Annually | 117% | 5 | $11.6B | -39.7% |
TXIRA leak Ternium S.A. Ternium S.A. | Luxembourg | 4.60% | 15% | 3.91% | Semi-Annually | 61% | 24 | $11.6B | +64.9% |
FMSbad in IRA Fresenius Medical Care AG | Germany | 4.01% | 15%rec | 3.41% | Annually | 45% | 33 | $11.5B | -20.5% |
RDYIRA leak Dr. Reddy's Laboratories Ltd | India | 0.63% | 20% | 0.50% | Annually | 20% | 18 | $11.0B | -10.4% |
PSOIRA ok Pearson, PLC | United Kingdom | 1.26% | 0% | 1.26% | Semi-Annually | 51% | 29 | $10.9B | +22.2% |
RTOIRA ok Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares) | United Kingdom | 2.14% | 0% | 2.14% | Semi-Annually | 98% | 5 | $10.6B | -22.1% |
HMYIRA leak Harmony Gold Mining Company Limited | South Africa | 5.63% | 15%rec | 4.79% | Semi-Annually | 15% | 30 | $10.6B | -6.3% |
SUZIRA ok Suzano S.A. American Depositary Shares (each representing one Ordinary Share ) representing one Ordinary Share) | Brazil | 2.51% | 0% | 2.51% | Annually | 18% | 24 | $10.4B | -4.2% |
ELPCIRA ok Companhia Paranaense de Energia - COPEL American Depositary Shares (each representing four (4) Common Shares) | Brazil | 2.59% | 0% | 2.59% | Semi-Annually | 103% | 0 | $10.4B | +50.0% |
QGENIRA leak Qiagen N.V. | Netherlands | 0.69% | 15% | 0.59% | Annually | 18% | 21 | $10.3B | +3.0% |
GGBIRA ok Gerdau S.A. | Brazil | 3.44% | 0% | 3.44% | Quarterly | 59% | 42 | $10.3B | +55.5% |
CIG.CIRA ok Companhia Energetica De Minas Gerais-CEMIG | Brazil | 2.09% | 0% | 2.09% | Quarterly | — | 28 | $10.0B | +32.1% |
EDUIRA leak New Oriental Education and Technology Group, Inc. American Depositary Shares (each representing ten (10) Common Shares) | China | 1.01% | 10% | 0.91% | Annually | 40% | 21 | $9.5B | -2.0% |
TIMBIRA ok TIM S.A. American Depositary Shares (Each representing 5 Common Shares) | Brazil | 3.43% | 0% | 3.43% | Quarterly | 88% | 23 | $9.1B | -11.7% |
YMMIRA leak Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) | China | 3.95% | 10% | 3.56% | Quarterly | 47% | 30 | $8.8B | -31.8% |
KTIRA leak KT Corporation | South Korea | 4.34% | 15%rec | 3.69% | Quarterly | 44% | 39 | $8.5B | -4.7% |
UGPIRA ok Ultrapar Participacoes S.A. (Ne | Brazil | 4.91% | 0% | 4.91% | Semi-Annually | 41% | 42 | $8.5B | +109.7% |
BVNIRA leak Buenaventura Mining Company Inc | Peru | 3.18% | 5% | 3.02% | Annually | 26% | 33 | $7.7B | +32.6% |
ASRIRA leak Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares | Mexico | 2.27% | 10% | 2.04% | Annually | 31% | 27 | $7.6B | -15.9% |
SIMOIRA leak Silicon Motion Technology Corporation | Taiwan | 1.03% | 21% | 0.81% | Quarterly | 23% | 27 | $7.5B | +136.2% |
SBSWIRA leak D/B/A Sibanye-Stillwater Limite | South Africa | 10.10% | 15%rec | 8.58% | Semi-Annually | 27% | 20 | $6.9B | -5.6% |
CIGIRA ok Comp En de Mn Cemig | Brazil | 1.60% | 0% | 1.60% | Semi-Annually | 79% | 12 | $6.5B | +15.7% |
ENICbad in IRA Enel Chile S.A. American Depositary Shares Representing Common Stock (Each representing 50 shares of Common Stock) | Chile | 6.97% | 35% | 4.53% | Semi-Annually | 48% | 33 | $6.1B | +14.5% |
VIPSIRA leak Vipshop Holdings Limited | China | 4.88% | 10% | 4.39% | Annually | 21% | 30 | $6.1B | -32.4% |
BRITISH LAND CO S/ADR | — | 5.09% | — | — | Semi-Annually | 51% | 47 | $6.1B | +12.8% |
IFSIRA leak Intercorp Financial Services Inc. | Peru | 3.30% | 5% | 3.13% | Annually | 34% | 33 | $5.9B | +30.9% |
WPPIRA ok WPP PLC | United Kingdom | 3.78% | 0% | 3.78% | Semi-Annually | 118% | 23 | $5.8B | +10.6% |
AVALIRA leak Grupo Aval Acciones y Valores S.A. | Colombia | 3.59% | 20% | 2.87% | Monthly | 41% | 33 | $5.6B | +25.0% |
GGALIRA leak Grupo Financiero Galicia S.A. | Argentina | 4.50% | 7% | 4.18% | Monthly | 294% | 21 | $5.6B | +14.6% |
TEOIRA leak Telecom Argentina SA | Argentina | 0.36% | 7% | 0.33% | Annually | 3% | 18 | $5.6B | +79.6% |
GRFSIRA leak Grifols, S.A. | Spain | 1.41% | 15%rec | 1.20% | Annually | 38% | 21 | $5.1B | -19.7% |
OMABIRA leak Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | Mexico | 5.85% | 10% | 5.26% | Semi-Annually | 90% | 9 | $4.8B | -2.3% |
ATATIRA leak Atour Lifestyle Holdings Limited American Depositary Shares | China | 1.63% | 10% | 1.47% | Annually | 45% | 24 | $4.5B | -13.2% |
TKCIRA leak Turkcell Iletisim Hizmetleri AS | Turkey | 4.50% | 15% | 3.82% | Annually | 19% | 45 | $4.3B | -16.2% |
PHIbad in IRA PLDT Inc. Sponsored ADR | Philippines | 7.77% | 15%rec | 6.60% | Semi-Annually | 75% | 18 | $4.2B | +1.0% |
JOYYIRA leak JOYY Inc. American Depositary Shares | China | 7.33% | 10% | 6.60% | Quarterly | 115% | 20 | $4.1B | +42.8% |
BMAIRA leak Banco Macro S.A. | Argentina | 5.99% | 7% | 5.57% | Monthly | 100% | 9 | $4.1B | +20.8% |
VTMXIRA leak Corporacion Inmobiliaria Vesta, S.A.B de C.V., American Depositary Shares, each representing ten (10) Common Shares | Mexico | 2.19% | 10% | 1.97% | Quarterly | 18% | 29 | $3.4B | +35.1% |
PAGSIRA ok PagSeguro Digital Ltd. | Brazil | 9.79% | 0% | 9.79% | Quarterly | 19% | 20 | $3.2B | +26.0% |
TMRAFbad in IRA Tomra Systems ASA | Norway | 22.23% | 15%rec | 18.90% | Annually | 69% | 11 | $3.1B | -41.9% |
MNSOIRA leak MINISO Group Holding Limited American Depositary Shares, each representing four Ordinary Shares | China | 7.42% | 10% | 6.68% | Semi-Annually | 115% | 0 | $2.9B | -54.9% |
BBARIRA leak Banco BBVA Argentina S.A. | Argentina | 2.84% | 7% | 2.64% | Monthly | 27% | 27 | $2.6B | +35.1% |
ATHMIRA leak Autohome Inc. American Depositary Shares, each representing four Class A Ordinary Shares | China | 6.53% | 10% | 5.88% | Semi-Annually | 217% | 18 | $2.3B | -26.6% |
DRDIRA leak DRDGOLD Limited | South Africa | 5.96% | 15%rec | 5.07% | Semi-Annually | 19% | 30 | $2.3B | +0.1% |
HIMXIRA leak Himax Technologies, Inc. | China | 1.90% | 10% | 1.71% | Annually | 119% | 3 | $2.2B | +30.1% |
IMOSIRA leak ChipMOS TECHNOLOGIES INC. | Taiwan | 1.19% | 21% | 0.94% | Annually | 36% | 21 | $2.2B | +203.1% |
RLXIRA leak RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share | China | 4.93% | 10% | 4.44% | Annually | 106% | 6 | $2.1B | -28.8% |
CCUbad in IRA Compania Cervecerias Unidas, S. | Chile | 0.47% | 35% | 0.31% | Semi-Annually | 59% | 21 | $2.0B | -13.2% |
CEPUIRA leak Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) | Argentina | 8.80% | 7% | 8.18% | Annually | — | 28 | $1.8B | +36.4% |
FORTYbad in IRA Formula Systems (1985) Ltd. | Israel | 2.73% | 25% | 2.05% | Semi-Annually | 32% | 45 | $1.8B | -17.4% |
OPRAbad in IRA Opera Limited American Depositary Shares | Norway | 4.44% | 15%rec | 3.77% | Semi-Annually | 86% | 9 | $1.6B | +13.9% |
WBIRA leak Weibo Corporation | China | 9.47% | 10% | 8.52% | Annually | 50% | 27 | $1.6B | -43.6% |
TVIRA leak Grupo Televisa S.A.B. | Mexico | 3.24% | 10% | 2.92% | Semi-Annually | 86% | 9 | $1.2B | -1.3% |
IRSIRA leak IRSA Inversiones y Representaciones Sociedad Anónima | Argentina | 17.10% | 7% | 15.90% | Semi-Annually | 40% | 15 | $1.2B | +23.6% |
CPACIRA leak Cementos Pacasmayo S.A.A. | Peru | 5.65% | 5% | 5.37% | Annually | 89% | 23 | $1.1B | +75.1% |
TUYAIRA leak Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share | China | 3.34% | 10% | 3.01% | Annually | 104% | 9 | $1.0B | -30.3% |
CRESYIRA leak Cresud S.A.C.I.F. Y a. | Argentina | 5.15% | 7% | 4.79% | Semi-Annually | 28% | 30 | $792M | +20.8% |
GPRKIRA ok Geopark Ltd | Bermuda | 0.78% | 0% | 0.78% | Quarterly | 16% | 30 | $768M | +93.5% |
FINVIRA leak FinVolution Group American depositary shares, each representing five Class A ordinary shares | China | 9.81% | 10% | 8.83% | Annually | 29% | 36 | $685M | -55.4% |
QFINIRA leak Qfin Holdings, Inc. American Depositary Shares | China | 16.88% | 10% | 15.19% | Semi-Annually | 38% | 15 | $663M | -78.6% |
HUYAIRA leak HUYA Inc. | China | 5.84% | 10% | 5.26% | Annually | — | 22 | $530M | -24.8% |
NOAHIRA leak Noah Holdings Limited American Depositary Shares (each representing five (5) Ordinary shares) | China | 9.51% | 10% | 8.56% | Annually | 54% | 24 | $475M | -38.9% |
JKSIRA ok JinkoSolar Holding Company Limi | Hong Kong | 18.45% | 0% | 18.45% | Annually | 390% | 0 | $426M | -64.2% |
WDHIRA leak Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) | China | 5.94% | 10% | 5.35% | Semi-Annually | 31% | 30 | $363M | -44.2% |
LNDIRA ok Brasilagro Brazilian Agric Real | Brazil | 1.59% | 0% | 1.59% | Annually | 110% | 6 | $363M | -2.7% |
XYFIRA leak X Financial American Depositary Shares, each representing six Class A Ordinary Shares | China | 11.62% | 10% | 10.46% | Semi-Annually | 27% | 20 | $178M | -61.9% |
LXIRA leak LexinFintech Holdings Ltd. American Depositary Shares | China | 54.97% | 10% | 49.47% | Semi-Annually | 46% | 18 | $104M | -87.7% |
GHGIRA leak GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share | China | 5.13% | 10% | 4.62% | Annually | 541% | 9 | $95M | -48.2% |
VIOTIRA leak Viomi Technology Co., Ltd American Depositary Shares | China | 3.48% | 10% | 3.13% | Annually | — | 22 | $94M | -52.9% |
JFINIRA leak Jiayin Group Inc. American Depositary Shares | China | 20.15% | 10% | 18.13% | Semi-Annually | 124% | 0 | $69M | -86.8% |
YRDIRA leak Yiren Digital Ltd. | China | 27.16% | 10% | 24.44% | Annually | 508% | 0 | $68M | -87.2% |
IHIRA leak iHuman Inc. American depositary shares, each representing five Class A ordinary shares | China | 8.70% | 10% | 7.83% | Annually | — | 16 | $59M | -58.5% |
TOURIRA leak Tuniu Corporation | China | 24.04% | 10% | 21.64% | Annually | 97% | 0 | $54M | -42.7% |
Net yield applies the treaty withholding rate to the current gross yield. “REC” marks countries that withhold above the treaty rate, where the excess is reclaimable. Issuer country is resolved from our own mapping — the exchange feed only records the ADR's listing country. 3 ADRs are still unmapped and show a dash.
Keep going
Both guides go deeper than this table: which reclaim forms actually work, why the foreign tax credit is useless inside an IRA, the Canada–IRA exception, ADR pass-through fees, and when a foreign dividend fails the qualified-dividend test.
Frequently asked
Do I pay foreign tax on ADR dividends?
Usually yes. The issuer's home country withholds tax before the dividend reaches you — 10% for Japan under the treaty, 35% at source for Switzerland (15% treaty rate, reclaimable via Form 82), 26.375% for Germany — while United Kingdom, Brazil, Hong Kong, Ireland, Bermuda withhold nothing. In a US taxable account the foreign tax credit generally offsets what was withheld; inside an IRA it cannot be recovered at all, which is the single biggest mistake investors make with foreign dividend stocks.
Which foreign dividend stocks have no withholding tax?
44 of the 164 ADRs we track come from countries that withhold nothing on dividends — principally the UK, Ireland, Brazil, Singapore and Hong Kong. That makes UK names like Shell, BTI, Unilever and National Grid, and Brazilian names like Petrobras and Vale, unusually efficient for income investors.
What is the difference between gross yield and net yield here?
Gross yield is the headline figure every site quotes. Net yield applies the treaty withholding rate for the issuer country, so it approximates what actually lands in a US taxable account before US tax. A 6% Swiss yield nets 5.1% at the 15% treaty rate — but only 3.9% until the 20% excess above the treaty rate is reclaimed with Form 82, which is why the notes column matters as much as the number.
Why do so many ADRs only pay twice a year?
Most of the world pays an interim and a final dividend rather than four quarterly cheques — 67 of these ADRs pay semi-annually and 55 pay just once a year, versus only 34 that pay quarterly. If you're building a monthly income ladder, foreign payers cluster awkwardly, which is worth planning around.
Are ADR fees charged on top of withholding tax?
Often, yes. Depositary banks charge a custody or pass-through fee, typically $0.01–$0.05 per share per year, deducted from the dividend or billed by your broker. It is small relative to withholding tax but it does mean the true net yield is slightly below the figure shown here.
How often is this list updated?
Nightly, from our own data pipeline, and this page reflects prices as of Oct 21, 2026. Withholding rates are the standard treaty rates and change rarely, but they are general guidance rather than tax advice.
Disclaimer: The information provided on this website/service is for informational purposes only and does not constitute financial, investment, or legal advice. Investing in stocks involves high risk, including the loss of principal. We are not responsible for any financial losses or damages resulting from your reliance on this data. Always consult with a qualified financial professional before making investment decisions.
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