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: