Whether you're worried about the U.S. economy or just want to diversify your portfolio, it can be a good idea to consider investing in companies based in other parts of the world. And some of those stocks also offer some great yields. Three foreign dividend stocks that pay more than 5% that you should consider for your portfolio are Orange (NYSE: ORAN), Enbridge (NYSE: ENB), and Ambev S.A. (NYSE: ABEV). Here's a look at how much each of these stocks yields, and why they are attractive investment options.

Orange: 6.5%

Orange is a French-based telecom provider and a big brand in Europe, Africa, and the Middle East. The company has nearly 300 million customers worldwide, and operates in 26 countries.

Last year Orange reported revenue of 44.1 million euros, which rose around 2% on a year-over-year basis. Operating income improved by nearly 7% on a comparable basis, with management saying that it had met all of its financial targets for the year. Orange has streamlined its portfolio and consolidated some operations in an effort to strengthen its bottom line, which has clearly paid off for the business.

The company pays a dividend in euros, so investors are likely to see some volatility in their payouts. But with a dividend yield of 6.5%, you're still going to be getting some good bang for your buck, as that's well above the S&P 500 average of 1.4%. At less than 10 times expected future earnings, this is also a fairly cheap stock to buy.

Enbridge: 7.8%

Canadian pipeline company Enbridge helps connect the oil and gas industry with its infrastructure. It claims to operate "the world's longest and most complex crude oil and liquids transportation system," connecting producers in Canada and the U.S. Through its Mainline and Express networks, the company transports over 3 million barrels per day of crude oil and liquids.

Enbridge gives investors some good stability, as its business relies on long-term contracts. The company is coming off a strong year in 2023, with the business saying it hit its financial guidance for an 18th straight year. Adjusted earnings of 5.7 billion Canadian dollars were unchanged from a year ago, and distributable cash flow, which the company relies on to assess its dividend payments, improved by CA$0.3 billion to CA$11.3 billion for the full year.

A decline in oil prices has made investors bearish on oil and gas stocks, but Enbridge is one of the safer ones to invest in. And with a dividend yield of 7.8%, investors can collect a lot of recurring income from this stock.