Fears of a so-called Brexit, or a departure of Britain from the European Union, are really heating up. The country holds a referendum on the issue on June 23, and recent polls have suggested a tight race, with some polls even giving the "leave" camp the lead. This has caused European stocks to decline in recent weeks. The Brexit vote has investors scared about Europe's financial future, but fear creates opportunity for enterprising investors, and fear of a Brexit is no exception. We'll look at three high-dividend stocks that are entering bargain territory because of uncertainty over a Brexit. All three are compelling choices for investors looking to build their dividend-growth portfolios...
Investors should not be overly concerned about a potential Brexit because GlaxoSmithKline (GSK) is a diversified company. It has a global reach, offering its products in more than 150 markets worldwide. Not only is BP (BP) getting hit by Brexit fears, but it also has to grapple with the massive decline in oil and gas prices. While BP has a lot to contend with, it is also a massive business. BP is one of the six oil and gas super majors. Unilever (UL) has had a bad week. Its shares have fallen 6.8%. The good news is that similar to GlaxoSmithKline and BP, Unilever is not overly reliant on the EU. Far from it; Unilever actually derives the majority of its sales from outside Europe.
Source: The Street
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