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
, all of which pay more than 5.5%.
One of the highest-yielding stocks on the list is
World Wrestling Entertainment
, 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
, a New York-based event-driven hedge fund founded by Nader Tavakoli in 2001. Eaglerock also owns shares of
, which yields 4.8%,
, which yields 1.6%, and
, which pays a yield of 0.6%.
Another high-yielding entertainment stock is movie theater owner
Regal Entertainment Group
, which has a yield of 6.1%. The company recently signed a joint venture agreement with
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
, 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.
, with an 11.8% yield, and cigarette company
, which sports a 9.3% yield.
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
, with a 6.6% yield, and
, with a 0.3% yield.
For more dividend-payers in the sector, check out the
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
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and the author of
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. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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