Top-Yielding Entertainment Stocks

Updated from 10:48 a.m. EDT

When you think of high yields, you don't normally think of entertainment-related stocks. But surprisingly, there are a couple of dozen show-business stocks with yields of more than 2.5%.

Stockpickr has assembled a list of the top yielding entertainment stocks, all of which pay more than 5.5%.

One of the highest-yielding stocks on the list is World Wrestling Entertainment (WWE Quote), the small entertainment conglomerate that encompasses live and televised events featuring their World Wrestling Entertainment brand. WWE has a forward price-to-earnings ratio of 20 and a P/E-to-growth ratio of 0.6.

World Wrestling stock is owned by Eaglerock Capital Management, a New York-based event-driven hedge fund founded by Nader Tavakoli in 2001. Eaglerock also owns shares of StealthGas (GASS Quote), which yields 4.8%, Movado Group (MOV Quote), which yields 1.6%, and Libbey (LBY Quote), which pays a yield of 0.6%.

Another high-yielding entertainment stock is movie theater owner Regal Entertainment Group (RGC Quote), which has a yield of 6.1%. The company recently signed a joint venture agreement with Imax (IMAX Quote) to place 31 Imax digital systems in 20 of Regal's U.S. theater complexes. The stock has a trailing P/E of 9 and a PEG of 1.8.

Regal is part of the WisdomTree SmallCap Dividend ETF, which has a goal of tracking the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index. Also part of the portfolio are Nationwide Health Properties (NHP Quote), which has a yield of 5%, Newcastle Investment Corp. (NCT Quote), with an 11.8% yield, and cigarette company Vector Group (VGR Quote), which sports a 9.3% yield.

Cinemark Holdings (CNK Quote) is another high-yielding theater chain owner, with an international exposure as it operates in Argentina, Brazil, Canada, Chile, Mexico and other Latin American countries. The stock has a trailing P/E of 15, a PEG of 1.4 and pays a yield of 5.4%.

Cinemark is held by Royce Opportunity Fund, a long-term capital growth fund with a average annual return of 19.42% over the last five years. Royce also holds shares of McClatchy (MNI Quote), with a 6.6% yield, and Circor (CIR Quote), with a 0.3% yield.

For more dividend-payers in the sector, check out the Top-Yielding Entertainment Stocks at Stockpickr.com.