Investors looking to bolster their dividend portfolios can find compelling opportunities in developed markets outside the U.S. Many dividend payers in these markets sport higher dividend yields than the equivalent U.S. equities and exchange traded funds (ETFs) make accessing a broad basket of foreign dividend stocks easy and cost-effective.

Employing smart beta strategies in combination with the search for international income can benefit investors as well. The FlexShares International Quality Dividend Index Fund (IQDF

) is a prime example of an income-generating, international, smart beta ETF. IQDF follows the Northern Trust International Large Cap Index.

While dividend ETFs have long been one of the major contributors of smart beta assets and the subsequent growth in this part of the ETF space, some issuers have gone beyond standard weighting strategies, such as weighting by yield or length of dividend increase streaks. Although IQDF is four and a half years old, it fits the bill as new generation, fundamentally-weighted dividend ETF.

IQDF employs a unique smart beta approach by focusing on fundamental factors that are pivotal to securing dependable sources…