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), 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), which yields 4.8%, Movado Group (MOV), which yields 1.6%, and Libbey (LBY), which pays a yield of 0.6%.

Another high-yielding entertainment stock is movie theater owner Regal Entertainment Group (RGC), which has a yield of 6.1%. The company recently signed a joint venture agreement with Imax (IMAX) 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), which has a yield of 5%, Newcastle Investment Corp. (NCT), with an 11.8% yield, and cigarette company Vector Group (VGR), which sports a 9.3% yield.

Cinemark Holdings (CNK) 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), with a 6.6% yield, and Circor (CIR), with a 0.3% yield.

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