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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) - Get World Wrestling Entertainment Inc. Class A Report

, 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


(GASS) - Get StealthGas Inc. Report

, which yields 4.8%,

Movado Group

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(MOV) - Get Movado Group Inc. Report

, which yields 1.6%, and


(LBY) - Get Libbey Inc. Report

, 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


(IMAX) - Get Imax Corporation Report

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.


, with an 11.8% yield, and cigarette company

Vector Group

(VGR) - Get Vector Group Ltd. Report

, which sports a 9.3% yield.

Cinemark Holdings

(CNK) - Get Cinemark Holdings Inc Inc. Report

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


(MNI) - Get McClatchy Company Class A Report

, with a 6.6% yield, and


(CIR) - Get CIRCOR International Inc. Report

, with a 0.3% yield.

For more dividend-payers in the sector, check out the

Top-Yielding Entertainment Stocks


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


LLC, a wholly owned subsidiary of and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the

Financial Times

and the author of

Trade Like a Hedge Fund


Trade Like Warren Buffett



. 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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