As the
European crisis unfolds,
businesses and consumers are forced to cut back spending on all
non-essential services. Having enough money to cover the basics is
enough of a challenge. From phone service to mail delivery to
electricity, there are certain regular expenditures that simply can't be
avoided.
Yet European stocks of all stripes have taken it on the chin during the past few years anyway, regardless of what type of
economic exposure they have. And that has created some eye-popping dividend yields.
In fact, there's one sector in Europe that routinely sports
double-digit yields these days: Telecom. Leading phone service
providers, which tend to generate stable operating profits in any
economic climate, haven't been able to avoid the European-wide sell-off.
Check out the super-high yields you will find for these telecom stocks:
Make no mistake, consumers in these countries are feeling pinched these days, but phone bills are up there with death and
taxes
in terms of unavoidable certainties. Still, as all of these firms face
the same industry dynamics, it's wisest to focus on just one two of
these stocks for your portfolio, perhaps in the relatively stronger
European economies of Germany, Austria or the Netherlands.
(more)
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