Complex sentence: Shares of many non- U.S. companies trade on U.S. stock exchanges through ADRs, which are denominated and pay dividends in U.S. dollars and may be traded like regular shares of stock.
Split into simpler sentences: Shares of many non- U.S. companies trade on U.S. stock exchanges through ADRs. ADRs are denominated and pay dividends in U.S. dollars and may be traded like regular shares of stock.