O'Shaughnessy buys 3 global dividend stocks

A GlaxoSmithKline logo sits on a sign outside the company's headquarters in London.
Simon Dawson | Bloomberg | Getty Images

Jim O'Shaughnessy, member of the "Squawk Box" Portfolio Challenge, is recommending international stocks with good dividends.

The chairman and CEO of O'Shaughnessy Asset Management is a quantitative stock picker and uses his firm's historical data set of more than half a century to set his analysis apart.

O'Shaughnessy's investment strategy is to buy quality companies with superior valuation, momentum and yield. He then waits for short-term market gyrations to give him attractive entry points.

Here are his three favorite ideas right now...